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Mortgage Servicing Key Changes and Requirements

Gain an understanding of federal and state laws and regulations on mortgage servicing.

Mortgage servicers manage mortgage loans from the time they are originated until the loan is paid off, satisfied, or foreclosed. Most residential mortgage loans are managed by servicers for the benefit of the holders of the loan. Mortgage servicers primarily collect and process mortgage payments. The responsibilities of mortgage servicers include sending monthly statements, maintaining, and verifying account balances, handling escrow accounts, engaging in loss mitigation, and handling and managing foreclosures. Mortgage servicers are a critical link between mortgage borrowers and the mortgage loan owners. This topic will provide an overview of federal and state laws and regulations on mortgage servicing, including a detailed overview of requirements under federal RESPA and TILA, as well as current developments under CARES Act-related forbearance and financial responsibility requirements for non-bank mortgage servicers.

63 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Introduction

  • Overview of Federal Laws and Regulation
    • RESPA
    • TILA
    • Other Federal Laws (FDCPA, EFTA, HPA, FCRA, GLBA, ECOA, UDAAP)
  • Overview of State Laws
    • Regulatory Approvals
    • Fee Limits and Disclosures

Detailed Discussion of Laws and Regulations

  • RESPA
  • TILA
  • Other Federal Laws

CARES Act-Related Forbearance Issues

  • CARES Act
  • CFPB Rules
  • GSE Requirements
  • FHA Requirements

Financial Responsibility Requirements

  • CSBS Proposal
  • State Law Requirements
  • GSE Requirements
  • FHA/Ginnie Mae Requirements
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More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

OnDemand Course

This course was last revised on November 10, 2021.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

James Milano

James Milano

Weiner Brodsky Kider PC

  • Member, Weiner Brodsky Kider PC
  • Consumer finance, and consumer loan programs and compliance
  • Frequent speaker and author on consumer finance topics
  • Member of D.C., Virginia, Maryland, Georgia, and Louisiana State Bar Associations
  • LL.M. degree, Emory University; J.D. and B.A. degrees, Louisiana State University
  • Can be contacted at 571-214-5255 or [email protected]
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More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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  • State Specific Credit Tracker
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Product ID: 405748
Published 2021
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