COMPLIANCE IN MORTGAGE SERVICING
This course is designed for professionals, mortgage servicers, compliance officers, and others interested in gaining an in-depth understanding of the intricate regulatory landscape surrounding mortgage servicing. This course offers a comprehensive view of federal and state regulations that mortgage servicers must adhere to, focusing on specific compliance requirements, legal challenges, and best practices.
Course Objectives
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Understand the importance of compliance in mortgage servicing.
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Analyze and apply key federal laws such as the Real Estate Settlement Procedures Act (RESPA), Truth in Lending Act (TILA), Fair Debt Collection Practices Act (FDCPA), and others in the context of mortgage servicing.
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Understand and apply state-specific rules and regulations.
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Discuss the challenges and solutions of incorporating technology into mortgage servicing.
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Understand the consequences of non-compliance, including litigation risks and penalties.
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Evaluate and assess mortgage servicing compliance programs.