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  Regulatory Compliance for Closers
 
 
Our Price: $95.00

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Know it all – at work, at home or on the road with AllRegs Academy Online Courses.

Get the most current industry training content, available 24/7, anytime, anywhere you have a computer and an Internet connection. You can access training materials at your convenience and complete courses at your own pace. Download your certificate of completion upon successfully completing the course. It’s never been easier to learn skills and concepts that you can immediately apply to your day-to-day activities.


Course Description
This course is designed for individuals who are responsible for preparing closing documentation and covers key federal regulatory requirements applicable during the closing of a first mortgage. The course covers basic requirements under Regulation Z, the Real Estate Settlement Procedures Act (RESPA) and the Homeownership Protection Act as they relate to private mortgage insurance disclosures at closing.

In this course, you will learn how to:

  • Complete the final Truth in Lending disclosure
  • List the federal requirements under Regulation Z concerning the Right of Rescission
  • List the Real Estate Settlement Procedures Act (RESPA) requirements that apply to completion of the HUD-1
  • Explain how to compare the Good Faith Estimate to the HUD-1
  • List important information about the Initial Escrow Account Disclosure
  • Know when the Notice of Assignment, Sale or Transfer of Servicing Rights disclosure is required
  • Describe the requirements for disclosing the cancellation provisions applicable to the private mortgage insurance, when applicable
  • Explain the role of technology in generating accurate disclosures and key points a mortgage closer should understand
Need to make multiple registrations? Click here for details.
 


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