Hey HPML! What’s the Matter with QMATR, eh?


Presented by: Rebekah Leonard

Add CD-ROM to Cart:

(Product will ship via USPS)


This CD ROM will be available after August 19, 2020.

If you feel a bit rusty or confused about these numerous perplexing rules, this webinar is for you!

As much as regulators like vanilla loans, the needs of homeowners aren't that simple. Thankfully, community banks have unique options available to them as they make dwelling-secured loans to their customers. From Small Creditor QM loans, to Balloon QMs, to the new S2155 EGRRCPA allowance, to plain ATR loans, the route to take can be daunting and confusing. Add to that HPML requirements (if the loan ends up being a Higher Priced Mortgage Loan) and the resulting stew of regulation is enough to make any banker run from the proverbial hot kitchen!

The fact that the rules have been around for a few years now has not made them any easier. If anything, the passage of time has largely worked to muddle and blur what was once a sharper understanding of the essentials. Changes to the existing rules have contributed to the cloudiness.

Join this webinar to bring clarity, a renewed understanding, and a fresh perspective to the rules. The ultimate goal of this training is to ensure your bank is not only complying with the regulations but also taking every opportunity available to compete and serve your communities. Don't fall into the trap of "we've always done it that way", but rather take some time to analyze why and how you make dwelling secured loans.

This webinar will go over the foundational requirements for QM and ATR underwriting, delve into small creditor and rural & underserved creditor relationships, and explore how the requirements impact:
  • Higher Priced Mortgage Loans (HPMLs);
  • Higher-Priced Covered Transactions (HPCTs);
  • High Cost Mortgage Loans (HCMLs)
In addition to the webinar slides and a regulatory manual, participants (you!) will receive helpful reference sheets and tools to help maximize comprehension and your ability to convey understanding to the people in your institutions. This is crucial! Not only do you need to have a strong grasp of the requirements, but you need to be able to communicate them to your decision-makers and staff. Everyone will comply better if they have a better understanding of the rule's goals and objectives. Blind compliance is always more difficult, so educating yourself and others will benefit everyone.

Upon completion of this two hour webinar participants will:
  • Get a succinct review and update on HPML requirements;
  • Receive insight on the biggest "gotcha" that trips up banks making HPMLs;
  • Comprehend the critical interplay between HPMLs and QMATR;
  • Discover when, why, and how bankers can make non-QM HPMLs;
  • Consider the unique issues surrounding manufactured home lending;
  • Gain clear insight on compliant QM underwriting, including the types of QMs available to you;
  • Explore EGRRCPA's additional QM relief;
  • Take a fresh look at ATR underwriting and when this baseline method can be used all on its own;
  • Ponder the application of the rules to investment properties;
  • Uncover what being a "Small Creditor" really does (and does not) do for you;
  • Understand what it means to be a "Rural / Underserved" lender;
  • Receive webinar slides and a manual with helpful tools and reference sheets
Who Should Attend:
Compliance staff, loan administration / production staff, loan policy makers, loan officers (especially those making in-house dwelling-secured loans), and audit staff.

About the Speaker:
Rebekah F Leonard, CRCM is the owner and founder of Elucidate, LLC, a compliance consulting and training company based in Bozeman, Montana. Rebekah has been in the finance and banking industry since 1995, with experience including customer service, teller, bank operations, loan review, loan officer, branch manager, BSA, security officer, and compliance. In 2001 she became her bank's compliance officer, rising in 2015 to the level of Senior Vice President of Compliance and CRA, helping the bank grow from $300MM in assets to over $1B at its acquisition. She has successfully navigated through five FDIC Compliance Exams, and before starting her company, worked specifically and deeply in lending compliance as a specialist in the field. Rebekah has a bachelor's degree in Organizational Leadership from Chapman University (Magna cum Laude), attended the American Bankers Association National Compliance School in 2003, and is a Certified Regulatory Compliance Manager since 2006.

This program was recorded in its entirety in August 2020. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

Add to Cart:

  • Model: cd_atrqm0820
  • Manufactured by: Glia Group, Inc.

This product was added to our catalog on Monday 08 June, 2020.

Copyright © 2020 BankersOnline.com