ATR and QM Refresher

On Demand Course

Instructor: Rebekah Leonard

Duration: 2 HR

What You'll Learn

With the revised General QM rule that took effect October 1, 2022, do you fully understand the difference between the “old / legacy” General QM and the “new / revised” General QM? What about a “Seasoned QM” – how do you get one of those?! While some things have certainly changed (ahem, 43% DTI cap, I’m looking at you), plenty of things remain the same – like the types of legal protection (well, mostly), loan feature limitations and restrictions, and some of the underwriting requirements. Plus, the Small Creditor QM is still alive and well, along with the EGRRCPA QM, the Balloon QM, and the good old baseline ATR “non-QM”. This session will help you keep it all straight!

Topics covered in this session

8 Underwriting criteria for mandatory “Ability to Repay”
What Rule to Follow ATR or QM
Current varieties of QM and risks of each
The sleeper QM

Who Should Attend:

Compliance officers
Marketing officers
Auditors
Banking Managers

*This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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