HPMLs, HCMLs, and HCPTs

8.25.26 | 2:30 PM EST

Instructor: Rebekah Leonard

Course Duration: 2 HR

What You'll Learn

Properly identifying these loan varieties is crucial for good compliance management. You need to know if you have triggered one, so that your financial institution can either reprice the loan to avoid such status, or accept the risk and comply with the requirements.

Also, all of these varieties have an impact on a loan’s Qualified Mortgage status, which satisfies mandatory Ability-To-Repay (ATR) compliance. What a tangled web! Learn the impacts of each, along with a general overview of ATR / QM requirements. If your institution makes consumer real estate loans, you need to know this information well.

Topics covered in this course

Identifying High-Cost, Higher-Priced, and Other Loan Varieties
Compliance Triggers and Repricing Decisions
Impact on Qualified Mortgage Status
Ability-to-Repay Requirements and QM Overview

About the Author:

Rebekah Leonard

Rebekah is the owner of Elucidate LLC, a compliance training and consulting company. Elucidate means to "make clear, explain, throw light upon", and describes Rebekah's desire to illuminate the complexities of compliance with passion and fun. She's created and produced a TRID music video parody and several Compliance Breakout escape rooms, which she frequently provides at state banking compliance conferences. She is an accomplished speaker and regularly provides webinars through BOL and Compliance Resource. Rebekah is currently serving as the VP Director of Compliance for a $6 Billion community bank in Montana. She began her career in 1995 at a private lending company, but soon settled into banking, where she's covered nearly all of it - customer service and teller work, loan processing and review, and security and business continuity. She now oversees CRA, BSA and all aspects of compliance as a senior leader. She has successfully navigated numerous FDIC Compliance, CRA, and BSA Exams. Rebekah has a bachelor's degree in Organizational Leadership from Chapman University (Magna cum Laude), attended the American Bankers Association National Compliance School in 2003, and has held her Certified Regulatory Compliance Manager designation since 2006.

On-Demand Course