Mortgage Lending Hot Spots Series: Construction-Only & Construction-to-Permanent Lending - Details

Mortgage Lending Hot Spots Series:

Construction-Only & Construction-to-Permanent Lending

Webinar OR Recorded Webinar + Free Digital Download

Thursday, June 6, 2019

12:00 pm – 1:30 pm Pacific

1:00 pm – 2:30 pm Mountain

2:00 pm – 3:30 pm Central

3:00 pm – 4:30 pm Eastern

Financial institutions continue to struggle with residential construction loans. The CFPB has had different points of view since the inception of TRID, which has further complicated the process. There are pros and cons to construction-only versus construction-to-permanent financing and issues that financial institutions need to consider for each, including real-life implications. This, coupled with TRID disclosure issues, make construction and construction-to-permanent lending a potentially difficult proposition. In addition, sometimes secondary market lenders exacerbate the problem with their own rules. This webinar will delve into the disclosure requirement issues and real-life implications using the latest CFPB information and industry best practices.

HIGHLIGHTS

• The decision – construction followed by a permanent loan, construction/permanent loans with one disclosure, or construction/permanent loans with two disclosures. Are all legal? Which is best for you?
• Finance charge issues of construction or construction-to-permanent loans
• Issues with construction delays and completion later than the original maturity date
• Disclosure issues surrounding each possible construction loan method
• Potential impact of secondary market rules

• TAKE-AWAY TOOLKIT
  • The manual will offer a guide to construction lending, so that no matter what decisions an institution makes, participants will have implementation aids
  • Employee training log
  • NEW – Interactive quiz

WHO SHOULD ATTEND?

This informative session is designed for staff involved in the construction loan process, including decision-making and completing the loan process. It will benefit all levels of management, lenders, and processors.

Please note:  The live webinar option allows you to have one internet connection (from a single computer terminal).  You may have as many people as you like listen and watch from your office computer.

        ABOUT THE PRESENTER – Bill Elliott, CRCM, Young & Associates, Inc.

Bill Elliott has over 40 years of banking experience. As a senior compliance consultant and manager of the compliance division with Young & Associates, Inc., Bill works on a variety of compliance-related issues, including leading compliance seminars, conducting compliance reviews, conducting in-house training, and writing compliance articles and training materials.

Bill’s career includes 15 years as a compliance officer and CRA officer in a large community bank, as well as working at a large regional bank. He has experience with consumer, commercial, and mortgage loans, and has managed a variety of departments, including loan review, consumer/commercial loan processing, mortgage loan processing, loan administration, credit administration, collections, and commercial loan workout.

THREE REGISTRATION OPTIONS

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.

1. LIVE WEBINAR

The live webinar option allows you to have one internet connection from a single computer terminal.  You may have as many people as you like listen and watch from your office computer.  Registrants receive a website address and passcode that allows entrance to the seminar.  The session will be approximately 90 minutes, including question and answer sessions.  Seminar materials, including instructions, passcode, and handouts will be emailed prior to the broadcast.  You will need the most current version of Adobe Reader available free at www.adobe.com. 

2. RECORDED WEBINAR + FREE DIGITAL DOWNLOAD

Can’t attend the live webinar?  This option provides a recording of the live event, including audio, visuals, and handouts.  We even provide the presenter’s email address for follow-up questions. You will receive an email with the recorded webinar link, which can be viewed anytime 24/7, beginning 6 business days after the webinar.  You will also receive instruction on how to download a free digital copy of the webinar to your PC, which you may keep and use indefinitely.

The recorded webinar may ONLY be ordered for 6 months following the live webinar.  In addition, the download must be completed within 6 months of the live webinar date. 

3. BOTH LIVE WEBINAR & RECORDED WEBINAR + FREE DIGITAL DOWNLOAD

Options 1 and 2 described above.

 AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE