Mortgage Compliance for Origination

This course was designed to cover the origination side of lending. For education and training for servicing see Mortgage Compliance for Servicing. This course was developed for mortgage professionals in a leadership or decision making role and have a good understanding of mortgage compliance regulations and their applicability to specific functions during the life of the loan, from application through closing. In addition, attendees should be familiar with the various federal agencies that oversee mortgage lending.

Classroom Mortgage Training – Mortgage Compliance for Origination

Mortgage compliance is a key component for succeeding as a mortgage lender, broker, regulator, investor, regulatory attorney and other mortgage professional. Laws change and companies must be prepared to respond at a rapid pace. To stay compliant, you must understand how regulatory requirements impact the way business is conducted and follow industry best practices.

What will I learn?

Upon completion of the course, students will be able to:

  • Identify federal regulations and red flags for violations in practice
  • Explain the applicability of various regulations and how they impact the way you do business
  • Avoid prohibited practices through consultation with origination staff
  • Describe key definitions as they relate to federal and state regulations
  • Complete the steps for developing, implementing and revising mortgage compliance policies and procedures


Upon returning to the office, students will be able to:

  • Create, implement and enforce policies and procedures to ensure compliance and avoid violations


During the course the following topics will be covered:

Day 1

  • Under TILA
    • Purpose and history of TILA
    • Applicability of TILA
    • Definitions in the Act
    • TILA-RESPA Integrated Mortgage Disclosure requirements
    • TIL disclosures and requirements
    • Right to Cancel (RTC) requirements
    • Advertising requirements
    • High-Cost and Higher-Priced Mortgage Loans
    • Ability to Repay/Qualified Mortgage requirements
    • Loan Officer Compensation rules and requirements
  • Under RESPA
    • Definitions
    • Exemptions
    • Affiliated Business Arrangements
    • Disclosure Requirements
    • Error Resolution Procedures
    • Requests for Information
    • Penalties and Enforcement
  • Under Telephone Consumer Protection Act (TCPA)
    • Explain the provisions and restrictions
    • Explain what you can and cannot do with an Automatic Telephone Dialing System(ATDS) and Artificial or Prerecorded Messages
    • Comply with consent requirements
    • Contact borrowers only within the timeframes allowed and disclose appropriate information through your Artificial or Prerecorded systems

Day 2

  • Under FCRA
    • Key definitions
    • Responsibilities of furnishers of information
    • Requirements of users of credit reports
    • Prescreening requirements
    • Red flags and disclosures
  • Under HMDA
    • HMDA coverage
    • Reportable transactions
    • Reporting data
    • Guidelines for LAR
    • Gathering data steps and reporting timelines
  • Under ECOA
    • Application, underwriting and disclosure rules
    • Record retention requirements
    • Rules on providing appraisal reports
    • Enforcement penalties
  • Under HPA
    • Key definitions and coverage
    • Cancellation and termination requirements
    • Disclosure and notification requirements
    • Penalties and enforcement
  • Under GLBA
    • Privacy laws
    • Purpose and coverage
    • Requirements of safeguarding rule
    • Penalties and enforcement

Day 3 

    • Anti-Money Laundering (AML) laws
    • Requirements of Bank Secrecy Act (BSA)
    • Requirements of USA PATRIOT Act
    • OFAC requirements
  • Under Fair Lending, UDAAP and Social Media
    • Fair lending initiatives
    • Lender responsibilities
    • Self-testing benefits and practices
    • Actions to eliminate poor practices
    • Effects of non-compliance
  • Under State Regulations
    • Basic compliance concerns
    • Differences and similarities between states
    • Effects of requirements on different units within the organization
    • How to obtain information to comply with multi-state requirements
    • The impact of the S.A.F.E. Act
  • Under National Flood Insurance
    • List the agencies and acts that are part of the National Flood Insurance Program
    • Describe the coverage
    • Explain when it is required and the amount
    • Define Flood Zone Monitoring
    • Explain Force Placed Insurance and list the three notices required
    • Summarize the final flood rule
  • Under Policies and Procedures
    • Steps to establish and implement policies and procedures
    • How a policy may affect various departments
    • Procedures and implementation
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