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Everything You Need to Know to Develop, Maintain and Audit ARM Disclosures
(Presented By: Jack Holzknecht)
Since December 29, 1987 banks have been required to develop Adjustable Rate Mortgage (ARM) program disclosures for each different ARM program offered. The disclosures must be updated at least annually. Notices must be sent in response to rate changes. Many financial institutions have automated the ARM disclosure process, but violations still occur.  | WEBINAR TIME:
11:30AM - 1:30PM PT
12:30PM - 2:30PM MT
1:30PM - 3:30PM CT
2:30PM - 4:30PM ET |
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WHAT?
This two-hour webinar explains how to develop, maintain and audit ARM disclosures. The program explains the rules, reviews typical problems that occur, and provides steps to assure ongoing compliance.
WHY?
This two-hour program provides:
A thorough understanding of all the rules regarding ARMS;
A review of frequently cited ARM violations; and
Suggestions for developing and maintaining disclosures.
Participants receive a detailed manual that serves as a handbook long after the program is completed
PROGRAM CONTENT
Upon completion of this program, participants understand:
What qualifies as an ARM loan;
What disclosures are required;
The timing rules for the disclosures;
The required contents of the disclosures;
Rules for periodically updating the disclosures; and
Rate adjustment disclosures.
WHO?
The program is designed for all mortgage lenders, compliance officers, auditors and others with responsibilities for assuring compliance with applicable laws and regulations in the mortgage loan department.
PRESENTER
Jack Holzknecht is a principal with Pegasus Educational Services, LLC, a training firm headquartered in Louisville, Kentucky. He is an experienced consultant who has provided training to thousands of bankers and examiners for twenty-four years. He has the ability to identify the key compliance issues from each regulation. Jack's career began in 1976 as a federal bank examiner. He later headed the form and software and education divisions of a regional consulting company. In that capacity he developed loan and deposit form systems and software. He also developed and presented training programs to bankers in 43 states. Jack has been an instructor at compliance schools presented by the Georgia, Iowa, Kentucky, Pennsylvania, Nebraska, New York and Texas bankers associations. He developed and delivered compliance training for the FDIC and OTS for ten years. He is a Certified Regulatory Compliance Manager and a member of the National Speakers Association. He is also a "BOL Guru" at http://www.bankersonline.com/ and frequently answers compliance questions sent to "Bankers' Threads."
More information...
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888-229-8872