Education & Events

Mortgage Lending Hot Spots Series: Construction-Only & Construction-to-Permanent Lending

Date: 
Jun 06, 2019
Program Overview: 

June 6, 2019, 3:00 - 4:30 pm

Financial institutions continue to struggle with residential construction loans.  The CFPB has had different points of view since the inception of TRID, which has further complicated the process.  There are pros and cons to construction-only versus construction-to-permanent financing and issues that financial institutions need to consider for each, including real-life implications.  This, coupled with TRID disclosure issues, make construction and construction-to-permanent lending a potentially difficult proposition. In addition, sometimes secondary market lenders exacerbate the problem with their own rules.  This webinar will delve into the disclosure requirement issues and real-life implications using the latest CFPB information and industry best practices. 

Topics: 
  • The decision – construction followed by a permanent loan, construction/permanent loans with one disclosure, or construction/permanent loans with two disclosures.  Are all legal?  Which is best for you?
  • Finance charge issues of construction or construction-to-permanent loans
  • Issues with construction delays and completion later than the original maturity date
  • Disclosure issues surrounding each possible construction loan method
  • Potential impact of secondary market rules

 

  • TAKE-AWAY TOOLKIT
    • The manual will offer a guide to construction lending, so that no matter what decisions an institution makes, participants will have implementation aids
    • Employee training log
    • NEW – Interactive quiz


      Speaker: 

      ABOUT THE PRESENTER – Elizabeth Fast, JD, CPA, Spencer Fane LLP

      Elizabeth Fast is a partner with Spencer Fane LLP where she specializes in the representation of financial institutions.  Elizabeth is the head of the firm’s training division.  She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University.  In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant.  Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions.  She is a member of the Missouri State Banking Board by appointment of the Governor.

      Agenda: 

      WHO SHOULD ATTEND 

      This informative session is designed for staff involved in the construction loan process, including decision-making and completing the loan process.  It will benefit all levels of management, lenders, and processors.

      Fees: 

      MEMBER

      Live Webinar
          $255.00 Single Location
          $155.00 Each Additional Location

      Recorded Webinar & Free Digital Download
          $255.00

      Premiere Package (Live & Recorded Webinar with Free Digital Download)
          $375.00

      Association Contact: 

      If you have any questions or need additional information, please contact Marcy Borden at 317-387-9380 or 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. If your bank is unable to participate after registering, you can select to purchase the on-demand presentation.

      Webinar Options: 

      1.  Live Webinar
      The LIVE WEBINAR option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered.  You may have as many people as you like listen from your office speaker phone. Registrants receive a toll-free number & pass code that will allow entrance to the seminar. Seminar materials, including instructions, pin number, and handouts will be emailed to you prior to the broadcast.  You will need the most current version of Adobe Reader available free at www.adobe.com.

      2.  Recorded Webinar & Free Digital Download
      Can’t attend the live webinar?  The recorded webinar & Free Digital web link is a recording of the live event, including audio, visuals, & handouts. We even provide the presenter’s email address so you may ask follow-up questions.  Approximately one week prior to the webinar, you will receive an email with the web link.  This web link can be viewed anytime 24/7, beginning 6 business days after the webinar and will expire 6 months after the live program date.  

      LIMITED AVAILABILITY:  The Recorded Webinar & Free Digital Download web link may ONLY be ordered for 6 months following the webinar.

      3.  Both Live Webinar & Recorded Webinar & Free Digital Download
      Includes options 1 and 2 above

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