New Mortgage Regulations: Pre-Implementation Strategic Decisions


Presented by: Carl Pry

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Believe it or not, implementing all the new CFPB mortgage regulations is only the second step in the process. These rules will have a fundamental impact on the industry, creating new obstacles as well as opportunities for lenders. Before rushing to formulate task forces within your bank to figure out how you're going to get all these things into place before next January, take a step back. Consider what these rules will mean for your bank. What types of consumer mortgage loans will you continue to offer? What will the impacts on other areas of the bank be? Will there be any unintended consequences of those decisions?

Better yet, get your management involved. These are not merely compliance issues; they will have major financial implications, as well as credit policy, risk management, fair lending, and CRA ramifications. In order to figure out what your bank wants to do about these issues means you first must understand what those issues are. That's the focus of this webinar.

We'll discuss how the rules will fundamentally alter the business of mortgage lending both industry-wide, as well as in your bank. As a result, critical decisions must be made regarding how to approach the process. Here are a few examples of what we're talking about:
  • What types of mortgage loans will you choose to offer (or not)?
  • Will your bank offer Section 32 loans? Or if you don't presently, how many loans will the changes to the rules eliminate?
  • How will you manage the points and fees limitation for QMs?
  • How will your relationships with third-party service providers, including affiliates, be affected?
  • How will your decisions be viewed through a UDAAP lens by the regulators?
  • Will your decisions alter your bank's fair lending and CRA profiles?
  • How will you handle the new servicing requirements (even if you only service portfolio loans)?
These are but a few questions your bank must answer before putting the rules into place. We'll talk about the compliance requirements all right, but through the viewpoint of what they'll mean to your bank and its business.

It is important to understand these issues now, to be ready to inform management, and even brief your Board, on what is changing and the effect of these changes. You'll need to coordinate with software vendors, settlement service providers, and auditors, among many other responsibilities.

This program is designed not only for the compliance officer, but also bank management, and others with responsibility for strategic decision-making, as well as those responsible for assuring compliance with laws and regulations governing consumer mortgage lending.

About the Speaker: Carl Pry, a Senior Director of Treliant Risk Advisors, is a seasoned executive with banking law, corporate finance, and regulatory compliance experience in Fortune 500 institutions, regional banks and industry consulting firms. Carl advises clients on commercial compliance, fair lending, corporate treasury and risk management. Over the last 18 years, Carl has held senior leadership positions including Senior Vice President and Compliance Manager for the Compliance and Control Division at KeyBank, Manager of Finance and Performance Management Service Line at Accenture, and Vice President of Regulatory Services at Kirchman Corporation. With strong knowledge and experience as a banking attorney and officer, Carl is a frequent contributor to and currently serves on the Editorial Advisory Board for the ABA Bank Compliance magazine. As a featured speaker for numerous banking, compliance, and state bar associations, he has led training sessions across the country. Carl has served as an instructor at FDIC examiner school and back-up instructor for NCUA examiner school. He has authored training programs covering consumer and commercial compliance, audit, quality control, tax, privacy and risk management. Carl is a columnist for ABA Bank Compliance and ABA Bank Marketing magazines. He has authored scores of articles on financial issues and developed testing and support materials for BAI's Anti-Money Laundering Professional certification and served as subject matter expert for web-based compliance and audit educational testing programs for banking training firms. He is the author of Internet Banking Manual, a comprehensive guide to business planning, risk analysis and maintaining a presence for financial institutions on the Internet. For LexisNexis, he also authored The New RESPA Rule: Navigating New Disclosures and The Evolution of Reg. Z: Increased Duties and Responsibilities for Lenders. Carl holds a JD and an MBA from the University of Toledo and a BSBA from Bowling Green State University. He is also a Certified Regulatory Compliance Manager and Certified Risk Professional.

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CD-ROM includes:
  • Complete presentation (including slides and audio)
  • Written Materials
  • Follow-up Q & A
You have the right under this license agreement for this CD-ROM to use this presentation on a single-workstation. Use on a network is in violation of the copyright agreements. CD may be used by multiple users at a given institution but may not be placed on a network or in any other multi-user environment.

This program was recorded in its entirety in March 2013. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

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  • Model: cd_strategic0313
  • Manufactured by: Glia Group, Inc.

This product was added to our catalog on Sunday 17 February, 2013.

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