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Mortgage Loan Originator Compensation: CFPBs Targets and Lingering Questions (MLC662X)

  Pre Recorded Webinar
  60 minutes
  
Multiple Participants?
Call 1-800-223-8720
for a group pricing

Complying With the CFPB Regulations on Mortgage Loan Originator Compensation

The Consumer Financial Protection Bureau (CFPB) has stated that one of its primary examination and enforcement targets this year will be compliance with the restrictions on mortgage loan originator compensation.  However, there are still many lingering questions about what is allowed, what is prohibited, and what the downside risks are.  Even some of the principles that seemed clear at first have started to seem cloudy again. With its recently released supervisory tactics in various areas, it will assist the industry to be in compliance with federal consumer financial law. This will include failures to maintain written policies and procedures and also to include LO’s name and NMLS ID # on loan documents.

In this webinar, Kris Kully, a partner with Mayer Brown in Washington, DC, will discuss questions and provide you some principles you need to know in order to comply with complex regulations. The webinar will be discussing the CFPB targets for 2016, various enforcement actions, and explain various tales from experience. Get to know the How-to tips, smart strategies for compliant lending, risk management and how to train your staff. If you’re a mortgage banker, compliance officer or executive sailing through the current regulatory hurdles, this session is for you.

Learning Objectives:

Who Should Attend

In-house counsel and compliance personnel for mortgage lenders, mortgage lending divisions of financial institutions, and financial advisors or wealth managers who refer clients for mortgage loans

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Presenter

Kris Kully is a partner in Mayer Brown's Washington DC office and a member of the Consumer Financial Services group. She advises clients on federal and state regulatory compliance matters affecting providers of consumer financial products and services, including licensing and substantive practic... More info

 


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Disclaimer: The content herein does not represent any association between CFPB and Eli Financial LLC. CFPB neither endorses any product of Eli Financial LLC nor warrants accuracy of the content hereto.