Learn the requirements needed to service mortgage loans in order to comply with CFPB rules and regulations.
Compliance for residential mortgage lending and servicing can be confusing and changes rapidly with guidance promulgated from several outlets, including the Consumer Financial Protection Bureau. This program will identify issues related to small servicers, including the definition of a small servicer, loss mitigation, successor in interest regulations, and forced place insurance. We will also look at recent litigation trends relating to mortgage servicing, including CFPB updates and COVID-19 ramifications.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Regulation X Applicability
- Where to Find (12 CFR 1024)
- 'Federally Related Mortgage Loans'
- Exemptions and Partial Exemptions
- Small Servicers, etc.
Mortgage Servicing
- Applies to Any Mortgage Loan (12 CFR 1024.31)
- Disclosure Requirements
- General Disclosures
- Mortgage Servicing Transfer Disclosures
- Requests for Information
- Forced Placed Insurance
- Early Intervention
- Continuity of Contact
- Loss Mitigations Procedures
Successors in Interest
- Effective April 19, 2018, Servicers Must Treat Confirmed Successors in Interest as Borrowers (12 CFR 1024.30)
- Successor in Interest v. Confirmed Successor in Interest
- Requirements
- Loss Mitigation Options
- Assumption of Loan
Penalties for Violations
- Actual Damages
- Pattern or Practice of Noncompliance
Hot Topics
- Protections Related to COVID-19
- Recent Litigation Trends
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on October 12, 2022.
Call 1-866-352-9540 for further credit information.
- AR CLE 1.5
- This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
- Arizona CLE 1.5
- The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.5 hours toward your annual CLE requirement for the State Bar of Arizona.
- CA MCLE 1.5
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
- CT CLE 1.5
- Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.5 CLE credit(s).
- GA CLE 1.5
- This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.5 CLE hours.
- MO CLE 1.8
- This course qualifies for self-study CLE credit in Missouri.
- NH MCLE 1.5
- NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this Ondemand course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 90 Minutes.
- RI CLE 1.5
- This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.5 hours of CLE credit.
- VT CLE 1.5
- This self-study program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.5 hour(s) of CLE credit. Please note: Attorneys may only claim 12 credits per compliance period in this format. This course is considered "Non-Moderated Programming without Interactivity".
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Gregory Todd
Armstrong Teasdale LLP
Greg Todd
- Armstrong Teasdale Partner focused on real estate and creditors’ rights matters in both Missouri and Kansas
- Nearly 20 years of experience with particular skill in matters involving foreclosure law and resolution of real estate title defects
- Deep experience representing banks in multimillion-dollar commercial transactions
- Supervised and managed over 4,000 non-judicial foreclosures in Missouri for successor trustee under deeds of trust regarding residential and commercial properties
- Prior to working in private practice, Greg worked as an attorney at a Kansas-based default servicing company
- Active with The Missouri Bar, Kansas Bar Association, and Kansas City Metropolitan Bar Association
Beverly M. Weber
Armstrong Teasdale LLP
Bev Weber
- Armstrong Teasdale Partner with nearly 20 years of experience handling contentious matters at both the trial and appellate levels in state and federal court
- Extensive experience serving as counsel to national mortgage servicers in wide-ranging, multi-claim matters including at trial and on appeal, including matters involving FCRA violations, enforcement rights, and foreclosure actions
- Skilled trial lawyer with experience handling commercial loan transactions from origination through default and into litigation
- Frequent speaker to industry members and clients on secured transactions, litigation trends, bankruptcy, creditors’ rights, financial compliance, and real estate titling
- Active member and leader for the Kansas City Metropolitan Bar Association, Missouri Bankers Association, and Association for Women Lawyers of Greater Kansas City
- Ranked among the Best of the Bar and Women Who Mean Business by the Kansas City Business Journal; Missouri/Kansas Super Lawyers®; and earned the Association for Women Lawyers of Greater Kansas City President’s Award.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
All of your training, right here at Lorman.
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- State Specific Credit Tracker
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