


Subscribe & download

Filter events
|

1:30pm to 3:30pm |
|
Flood Insurance Webinar Part I
(Presented by David Dickinson)
Real estate loans are intended to make money. But the list of financial institutions fined (that means writing a check to pay for the violation of law) because Flood requirements were not met continues to grow. The reputation of your institution could be at risk when it is in the headlines for not complying with the requirements. Not only does this impact your bottom line, but you have to explain to your board why this happened. And it doesn't have to happen.  | WEBINAR TIME:
11:30AM - 1:30PM PT
12:30PM - 2:30PM MT
1:30PM - 3:30PM CT
2:30PM - 4:30PM ET |
 |
 |
 |  | What is really required, when, by whom and how much insurance does the customer have to get? These are just some of the questions the banks who were fined asked, but asked too late. Now you can have your questions answered, and probably some you didn't know you had.
Join Guru David Dickinson of Banker's Compliance Consulting for a webinar on flood insurance from the lenders perspective. Sitting behind the loan desk, it is important to know what has to be completed before the loan can close, legally. Is raw land with a barn that will be razed improved or unimproved property? Some lenders may feel that they can waive the requirement for coverage in this case because they placed no value on the barn. Ask the underlying question of who is really being protected by flood insurance and can anyone really waive coverage requirements.
Topics to be discussed include:
Recent Enforcement Actions
Examiner Referrals to FEMA
Improved real estate
Mobile Homes
How much coverage is required
Force placed insurance, when and what steps to take
Escrows
Forms completion
Letters of Map Changes (LOMA/LOMR)
Using prior determination
Secondary market requirements
Flood insurance questions and answers
And much more!
This webinar includes a manual you will use as a resource many times over the future. Whether training staff on flood insurance, researching a specific question or using it for auditing and monitoring, you'll appreciate the plain English, easy to read resource.
About the Speaker:
David is a highly trained expert in compliance regulations. He is also a motivational speaker and innovative educator. As a qualified speaker on compliance issues, David speaks for the American Bankers Association's National Compliance School, as well as, several State Banking Associations. He conducts various seminars throughout the year, has developed numerous compliance manuals and has written articles for prestigious banking publications. In 1993, He established the firm of Banker's Compliance Consulting.
More information...
|
|