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Avoiding Loan Denial Mistakes - Details

Session Available from: Oct 20, 2020 12:00 - Jun 15, 2021 12:00
Session Options: Webinar, Recorded, Both Live/Recorded, (US).
Live Session Date: Dec 15, 2020 - Dec 15, 2020
Time: 02:00 - 03:30
Event description:

Avoiding Loan Denial Mistakes

(90-minute webinar – recording also available)

Tuesday, December 15, 2020

12:00 PM Pacific       1:00 PM Mountain

2:00 PM Central       3:00 PM Eastern

Notice the notice requirements for denied loans – or risk a mistake, noncompliance, or worse.  Loan denial decisions are fertile ground for errors.  This webinar will plow through the knowledge, tips, and tools you need to avoid loan denial mistakes! 

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Identify and document when an inquiry becomes an application
  • Explain the requirements for an incomplete or withdrawn application
  • Properly notify applicants when denying a loan request
  • Recognize potential fair lending discrimination practices
  • Use a worksheet to document a second review of adverse action notices, for fair lending purposes
  • Prepare counteroffers
  • Comply with Reg B’s timing requirements for loan denials
  • Identify when the FACT Act requirements are required for denial notices

WEBINAR DETAILS

It’s a bummer for the wannabe borrower (and you).  A loan denial triggers regulatory notice requirements under Regulation B.  Depending on the reason for denial, Fair Credit Reporting Act notices may also be mandated.  Examiners have long identified weaknesses in loan applications that never yield an originated loan.  This webinar will focus on pinpointing when an inquiry becomes an application, important timing requirements, and proper completion of the adverse action notice.  Common regulator-identified errors will be explained and tips on how to avoid them will be provided.  To help meet fair lending and Reg B compliance standards, participants will receive a tool designed to document the second review of a denied loan file.  Join this deep dive and learn what you need to know to avoid loan denial mistakes!

WHO SHOULD ATTEND?

This informative session will benefit all loan officers, loan processors responsible for denials and/or second review, compliance officers, and auditors. 

TAKE-AWAY TOOLKIT

  • Application trigger chart detailed by regulation
  • Second review checklist of adverse action notices
  • Cheat sheet explaining what each denial reason on the notice means and which to use in different scenarios
  • Employee training log
  • Interactive quiz 

DON’T MISS THESE RELATED WEBINARS!

Annual Loan Review: Consumer, Commercial & Residential
on Wednesday, December 2, 2020

Top 10 Year-End Lending Issues & FAQs
on Friday, December 11, 2020

Molly Stull     MEET THE PRESENTER - Molly Stull, Brode Consulting Services, Inc.

Molly Stull began her career as a teller while working on her undergraduate degree and has continued working in the financial industry ever since.  She has experienced the growth of a hometown bank, branch mergers, charter changes, name changes, etc.  Molly has activated business resumption plans, performed secondary market quality control reviews, processed wires, filed SARs, and coordinated reviews with external auditors and examiners.  Her favorite role has always been educating staff and strongly believes that if staff understands the reason for a process they will be more compelled to follow the procedures.  Molly holds a bachelor’s from the University of Akron and an MBA from Ashland University.

THREE REGISTRATION OPTIONS – WHAT YOU GET

1. Live Webinar Includes

  • Unlimited connections within your institution to the Live Webinar
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Presenter’s contact info for follow-up 

2. Recorded Webinar Includes

  • Recording of the Live Webinar
  • Available two business days following Live date
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your institution
  • Presenter’s contact info for follow-up

3. Purchase the BOTH Option to receive all the benefits listed above! Full registration descriptions can be found here.

Note: All materials are subject to copyright. Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.

AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE