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View_Video_Introduction The S.A.F.E. Act requires registration of all mortgage loan originators. Once the window for registration for your mortgage loan originators has opened, you will have 180 days to comply. When banks asked for extra time, the FDIC issued their final version of the regulation, and told banks that wanted extra time to get busy – the pre-release was all the extra time they would allow.
This program appears in two sessions, and together they are just slightly over an hour in length. The program is designed to inform banks and their staff about the rules – and staff training is a requirement of the regulation.
Those participating learn:
- Who is a mortgage loan originator,
- What information needs to be provided,
- How the bank should prepare for the S.A.F.E. Act,
- What are the mortgage loan originator requirements,
- What are the bank requirements,
- Who is responsible for what portions of the process, and
- Potential difficulties that banks will need to address.
Workshop Resources: A detailed manual accompanies this 1 hour and 4 minute webcast, and can be used as a reference guide as needed. The manual is designed to be a resource, as it includes the requirements, additional information published by the FDIC, and a complete copy of the FDIC’s version of the regulation itself.
Expected Audience: This course is designed for all financial institution personnel who are involved in the consumer mortgage loan process, as well as senior managers and human resources personnel.
| Speaker: Bill Elliott, is Senior Consultant and Manager of Compliance for Young & Associates, Inc. based in Kent, Ohio. With over 30 years of banking experience, Bill Elliott conducts compliance reviews, leads compliance seminars, conducts in-house training, and writes compliance articles and training materials |
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