This recorded event is available until December 18, 2013.
This webinar covers two topics. Teri Stomski will guide you through real estate transactions and how to minimize non-credit lending risk.
This event is produced by the CUNA Center for Professional Development and endorsed by the CUNA Lending Council.
RESPA/TILA Integrated Disclosures: Everything Old is New Again
A must-attend seminar for any credit union handling residential real estate transactions - come see how the Consumer Finance Protection Bureau's new proposed federal rule and integrated disclosures could affect the way real estate mortgage transactions are processed and closed and their impact on credit unions and their members. Additionally, we will discuss how the far-reaching and signifiSavecant changes to the offering and closing of residential mortgages could affect your day-to-day mortgage loan operations.
Mitigating Non-Credit Risk
Credit risk may be "King", but knowing how to minimize real estate collateral risk at low-to-no-cost to your members might just save the kingdom. This session will provide a practical guide to minimizing non-credit lending risk from closing to OREO in the post-mortgage crisis environment.
During this session, you will learn:
- How to get, review and use title insurance commitments and policies to get the best protection for the credit union and its members
- How to get, review and use Insured Closing Protection letters for added protection for the credit union
This webinar is part of CUNA Lending Compliance eSchool, which starts June 11, 2013.
Who Should Attend
This webinar is beneficial for credit union compliance staff, lending managers and CEOs interested in an in-depth look at the regulations that affect lending operations of all loan disciplines - consumer, mortgage, member business and indirect. Affiliation with CUNA/League is required for attendance.