Photo from FLD Leadership Conference 2016

Flood Insurance Update and Review

Date: 
Mar 22, 2017
Program Overview: 

PDF Brochure

Every time anyone in the bank makes a flood error, there is potential for a $2,000 fine.  And multiple errors in the same loan can result in multiple fines.  As a result, now, more than ever, we need to understand assure that the loan origination and servicing process is free of any deficiencies, including completion of documents, getting insurance when required, and other errors. This seminar will include all changes – including the 2015 changes- to the flood rule. 

This seminar will cover all aspects of the flood process.  The focus will be on both the loan origination process and the servicing process, and the steps that bankers must take to assure appropriate compliance.  Included in the presentation will be examples from the real world, explaining exactly how “not to do it.”

Topics: 

Program Overview

  • The current state of the flood rules
  • Loan origination and flood
  • Flood insurance strengths and weaknesses
  • Flood insurance limit
  • How to determine the amount of flood
    insurance required
  • The unique issues surrounding condominiums
  • Appropriate procedures
  • Loan servicing issues
  • Force placing insurance
  • Other impacts of the various regulations, and how to respond
Speaker: 

Adam Witmer, CRCM, Senior Consultant 

Adam Witmer is a Senior Consultant with Young & Associates, Inc. where he focuses on regulatory compliance. Adam is a popular speaker who tries to make compliance fun by providing real life stories that apply to the topic at hand. He conducts seminars for state banking associations throughout the United States, provides in-bank training for clients, delivers keynote speeches, and puts on compliance webinars. In addition to compliance education, Adam serves client banks in the Midwest through consulting and by writing articles for various publications. Prior to joining Young & Associates, Inc., Adam served as an officer and the Director of Compliance for a multi-bank holding company. He has held the titles of Compliance Officer, BSA Officer, and CRA Officer for multiple banks, and has experience in the areas of internal audit, deposit and loan operations, retail banking, and secondary market lending. He holds the designation of Certified Regulatory Compliance Manager (CRCM) by the
Institute of Certified Bankers in Washington, D.C. Adam earned a BA in Business Administration from Taylor University and an MBA in Management and Human Resources from Indiana Tech. 

Agenda: 

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

Location: 

This seminar will be held at the IBA Center for Professional Development, 6925 Parkdale Place, Indianapolis, IN 46254. Directions, map & a list of local hotels are available at www.indianabankers.org or by calling 317-387-9380.

Fees: 

IBA Members
$325 First Person
$155 Each Additional Person

Non-Members
$650

Participation in IBA programs is limited to members, associate members, and nonmembers from an eligible membership category at applicable member or nonmember rates.

Additional Information: 

WHO SHOULD ATTEND

As this presentation will include the entire flood insurance process, loan officers, processors, loan servicing personnel, and loan management at all levels should attend.  Others in your institution will find value in this presentation, including auditors, and any others with flood responsibilities within the institution.

 

Association Contact: 

If you have any questions please contact Marcy Borden at 317-387-9380 or via e-mail at mborden@indianabankers.org.

Cancellation Policy: 

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 the day before or absences on the day of the program. Substitutions are welcome at anytime.

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