Mortgage professionals nationwide must begin using new mortgage disclosure forms on October 3, 2015 as mandated under the Dodd-Frank Act and implemented by the Consumer Financial Protection Bureau (CFPB). This course is designed to introduce mortgage professionals to the TILA-RESPA integrated disclosure mash up of what will be formerly known as the GFE and TIL Disclosure which will now be known as The Loan Estimate as well as the HUD -1 Settlement Statement which will be now known as The Closing Disclosure respectively.
This course will give a brief overview of the new rule and how to comply by covering the following topics:
- Introduction to the new Rule
- Introduction to the Loan Estimate
- Introduction to the Closing Disclosure
- New Timing Requirements
According to the MLO Compensation Rules ALL mortgage companies and Financial Institutions who operate in the mortgage industry are responsible for providing training commensurate with their employee’s scope of work.
Get a jump on training your staff today by providing this 30 minute online informative training course to all of your mortgage staff. This course comes with a printable Completion Certificate for employee and employer records.