Bootcamp

Mortgage Compliance Essentials Series

Give your lending and compliance staff a complete, practical command of mortgage disclosure and pricing rules — reducing regulatory errors, exam findings, and rework across the loan lifecycle.

Rebekah Leonard 13.6 CPE/ NASBA 10 HR
Included with Team Membership

About This Course

Mortgage disclosure and pricing rules are some of the most heavily cited compliance violations in banking, and some of the most misunderstood. This four-part series walks lending, compliance, and operations staff through the full lifecycle of a residential mortgage: from the moment a Loan Estimate is triggered, through the Closing Disclosure and its special-situation exceptions, into the servicing obligations that continue for the life of the loan under RESPA, and finally through the pricing thresholds that determine whether a loan is classified as a Higher-Priced Mortgage Loan (HPML), High-Cost Mortgage Loan (HCML), or Higher-Cost Priced Transaction (HCPT).

Each session builds on the last, giving attendees a practical, start-to-finish understanding of TRID, RESPA, and the loan-classification rules that drive Ability-to-Repay and Qualified Mortgage status. Whether your team needs a first introduction or a refresher ahead of exam season, this series translates dense regulatory language into the "why" behind the rule, so staff can apply it correctly and confidently, not just recite it.

 

What You Will Learn

  • Identify the three-part coverage test and application trigger that determine when a loan is subject to TRID and differentiate the zero-tolerance, ten-percent, and unlimited fee tolerance categories
  • Distinguish the two mandatory triggers for a revised disclosure from situations requiring only an optional revision or a tolerance cure, and identify the content, formatting, and delivery requirements that apply to the Closing Disclosure under 12 CFR 1026.38
  • Identify which loans are Federally Related Mortgage Loans under RESPA, distinguish permitted referral-related payments and Affiliated Business Arrangements from prohibited kickbacks and unearned fees under RESPA Section 8, and apply RESPA’s escrow account rules
  • Describe the mortgage servicing protections established under RESPA Subpart C and differentiate which obligations apply to small servicers versus large servicers
  • Differentiate Higher-Priced Mortgage Loans, High-Cost Mortgage Loans, and Higher-Priced Covered Transactions by their purpose, collateral and loan-type triggers, and applicable APR-over-APOR coverage thresholds
  • Apply the Ability-to-Repay standard and the Qualified Mortgage categories under 12 CFR 1026.43 to determine a creditor’s underwriting obligations and resulting legal liability exposure

Courses Included in This Certification

  • TRID – Core Rules and the Loan Estimate
  • TRID – The Closing Disclosure and Special Rules for Certain Situations
  • RESPA
  • HPMLs, HCMLs, and HCPTs

Your Instructor

Rebekah Leonard
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.

CPE & Accreditation

This course qualifies for 13.6 CPE/ NASBA. Your certificate and transcript are available immediately upon completion.

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CPE/NASBA - QAS Self Study

Noggin Guru, Inc. dba Lorman Education Services and BankersHub is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539.

Please note: You must attend at least 50 minutes to obtain credit. Final CPE approval belongs with each state's regulatory board. Credit is based on a 50-minute credit hour.

For more detailed information about the course, including the outline, content, and objectives, please refer to the 'Description' tab on this webpage.

Field Of Study: Business Law
Prerequisite: Basic knowledge of the banking industry, business, or law
Level of Knowledge: Intermediate
Advanced Preparation: None
Delivery Method: QAS Self Study

Requesting CE:
Upon completion of this course, please email creditrequest@nogginguru.com to obtain a CE certificate.

Training your team?

This course is covered under team memberships.

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Buying for yourself?
$ 599
Included with Team Membership
Training your team?

This course is covered under team memberships.

See Team Memberships
$ 599
per attendee