Compliance for Loan Processors
Over the last few years, lending compliance has become more and more confusing, as the rules have become more and more complex. Loan processors often have been forced to deal with the changes by learning the “buttons to push”, without being given an understanding of the underlying regulatory requirements.
This course is designed to enhance understanding of the regulatory requirements. This course will focus on the documents – the most important portion of the processor’s job. Errors in documents can cost banks thousands of dollars, and, as with the advent of the Dodd-Frank regulations and the TRID documents, the risks will certainly increase.
The course will discuss the existing forms and their requirements. This course will not cover items that are more the province of the lender or underwriter. It will review potential pitfalls, the risks of errors, and the
Attendees should be prepared for a longer than
The Initial Documents
• Loan Estimate Completion and Timing
• ARM Disclosures and Booklets
• Credit Score / Notice to Home Loan Applicant
• Affiliated Business Arrangement Disclosure
• Flood Documents
The Closing Documents
• Closing Disclosure
• Escrow Disclosure
• PMI Disclosure
Bill Elliott, CRCM, Senior Consultant and Manager of Compliance
Bill Elliott has over 35 years of banking experience. As a compliance consultant and manager of the compliance division with Young & Associates, Inc., Bill works on a variety of compliance-related issues, including leading compliance seminars, conducting compliance reviews for all areas of compliance, conducting in-house training, and writing compliance articles and training materials. During his career, Bill spent 15 years as a compliance officer and CRA officer in a large community
8:30 a.m. Registration & Continental Breakfast
9:00 a.m. Program Begins
12:00 Noon Lunch (included)
1:00 p.m. Program Resumes
4:00 p.m. Program Adjourns
This program will be held at:
8425 Woodfield Crossing Blvd., Suite 155E
Indianapolis, IN 46240
Directions, map & a list of local hotels are available on our website at www.indianabankers.org or by calling 317-387-9380.
WHO SHOULD ATTEND
While others in the bank may benefit and are welcome, this course is designed specifically for loan processors and their management.
The following fees include the program, materials, lunch
$225 IBA Members
$155 Additional IBA Members from the same institution
Participation in IBA programs is limited to members, associate members, and nonmembers from an eligible membership category at
For more information please contact Marcy Borden via e-mail at firstname.lastname@example.org or call 317-387-9380.
The IBA will send confirmations as requested for its programs. Please check the appropriate box & include a fax number on the registration form. If you have questions, contact Marcy Borden at 317-387-9380
Within three or more business days prior to the day of an educational program, no cancellation charge will be assessed. Within two days prior, 50% of the fee is assessed. Refunds are not provided for cancellations or absences on the day of the program. Substitutions are welcome at