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New ATR & QM Rule Changes Effective July 1, 2021 - Details

Session Available from: Jan 5, 2021 12:00 - Aug 12, 2021 12:00
Session Options: Webinar, Recorded, Both Live/Recorded, (US).
Live Session Date: Feb 12, 2021 - Feb 12, 2021
Time: 10:00 - 11:30
Event description:

New ATR & QM Rule Changes Effective July 1, 2021

(90-minute webinar – recording also available)

Friday, February 12, 2021

This is a morning webinar

8:00 AM Pacific        9:00 AM Mountain

10:00 AM Central     11:00 AM Eastern

A new deadline!  New ATR and QM rule changes are effective July 1, 2021.  The new rules cover General QM loans and Seasoned QMs – a whole new category and new set of rules.  Do you know which loans will be affected?  Are ability-to-repay calculations changing?  Now’s the time to get the specifics, learn how to strengthen ATR/QM compliance, and get implementation guidance. 

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Understand the newly issued QM final rules
  • Determine which loans are affected by the ATR/QM rules
  • Define the qualified mortgage options and requirements for each
  • Use best practices and tools to determine a borrower’s ability to repay
  • Identify which institutions qualify as “small creditors”

WEBINAR DETAILS

The CFPB recently finalized two rules related to qualified mortgage (QM) loans.  The first replaces current debt-to-income (DTI) requirements for General QM loans; the second creates an entirely new category for qualified mortgages – Seasoned QMs.  Both rules are effective 60 days after publication in the Federal Register; however, the mandatory compliance date for the General QM requirements is July 1, 2021 – which will be here before you know it!

This webinar will dive into the final QM rules and provide best practices for preparing your policies, procedures, systems, and staff for the changes.  In addition, it will review the seven ability-to-repay (ATR) options and not only provide guidance to implement the new changes, but also to strengthen your current ATR/QM compliance program.  Don’t miss this jam-packed session!

WHO SHOULD ATTEND?

This informative session would best suit loan officers, loan operations personnel, compliance officers, and internal auditors.  

TAKE-AWAY TOOLKIT

  • Sample policy language
  • Sample ATR worksheet
  • Employee training log
  • Interactive quiz

DON’T MISS THESE RELATED WEBINARS!

New Uniform Residential Loan Application Beginning January 1, 2021:

Updating Policies & Testing Readiness

on Wednesday, May 6, 2020

SAFE Act Compliance for Mortgage Loan Originators (MLOs)

on Wednesday, September 2, 2020

Dawn Kincaid    MEET THE PRESENTER - Dawn Kincaid, Brode Consulting Services, Inc.

Dawn Kincaid began her banking career while attending The Ohio State University.  She has over 20 years’ experience in client service, operations, information technology, administrative and board relations, marketing, and compliance.  Most recently Dawn served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized implementation of new products and services.  Dawn has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer.  She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits and exams, and presented for numerous state associations.

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