Printable_BrochureThis program provides a detailed review of the newly revised Good Faith Estimate and step-by-step instructions for completing the form.
The Department of Housing and Urban Development (HUD) recently approved a final rule that completely overhauls the requirements of Regulation X, the implementing regulation for the Real Estate Settlement Procedures Act (RESPA). While some the revisions are already in effect, most of the new rules, including the new rules for the Good Faith Estimate (GFE), are effective January 1, 2010.
Among other changes revised Regulation X makes major revisions to RESPA's Good Faith Estimate. In addition to the total revision of the form Regulation X now, for the first time ever, contains instructions for completing GFE.
The most significant changes to RESPA and Regulation X involve the revised forms. Every mortgage lender and settlement agent in the nation will have to deal with the new GFE. This webinar provides:
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A complete explanation of the new GFE; and
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Detailed instructions for completing the new GFE.
> Upon completion of the program participants will understand:
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The new three-page Good Faith Estimate form;
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The detailed instructions for preparing the GFE;
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The loan summary provisions;
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The new adjusted origination charges section, including the credit or charge for the specific interest rate chosen;
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The new required provider and required services rules;
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The new tradeoff table; and
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The new shopping table.
Workshop Resources: This program provides a detailed review of the newly revised Good Faith Estimate and step-by-step instructions for completing the form. Program participants receive a detailed manual, accompanied by a 1 hour 28 minute video webcast.
Expected Audience: The program is designed for compliance personnel, lenders and management of financial institutions and mortgage lending companies, mortgage brokers, and settlement agents.
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Speaker: Jack Holzknecht, is a principal with Pegasus Educational Services, LLC, a training firm headquartered in Louisville, Kentucky. He is an experienced consultant who has provided training to thousands of bankers and examiners for twenty-eight years. He has the ability to identify the key compliance issues from each regulation. Jack's career began in 1976 as a federal bank examiner. He later headed the form and software and education divisions of a regional consulting company. |
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