This event will also be streamed on 12/13/2012 8:36 AM to 12:00 PM
This class is a must-have for mortgage lenders. The requirements of the Real Estate Settlement Procedures Act (RESPA) are extensive and complex. We will discuss the following:
- Good Faith Estimates
- Issuing new disclosures when there is a “changed circumstance”
- HUD-1 settlement statements and reconciliation with the GFE.
- Prohibitions against kickbacks and unearned fees
- Affiliated Business Arrangements
- Escrow Accounts
- Servicing transfers
This class is ideal for compliance officers, mortgage lending staff and loan servicing staff.