Ethics

• An understanding of Identity theft rules including who must comply with the red flags rule, how to comply and how to administer a red Flags program.

• An understanding of telemarketing and consumer fraud, the do not call registry, what calls are covered and exemptions for certain organizations

• An understanding of advertising rules, record keeping requirements for advertisements and examples of how financial institutions may violate these rules

Federal Law

• An understanding of what is the TILA-RESPA rule and TRID, what transactions are covered, disclosure requirements, tolerance limitations, changes that require re-disclosure,charges subject to zero tolerance.

• Also have knowledge of Loan Estimate and Closing Disclosure timing and delivery requirements, revision and correction requirements.

• An insight into most common RegZ deficiencies

• An understanding of RESPA and REG X requirements including Kickbacks and unearned fees, Penalties, Home ownership counseling requirements

• An working knowledge of Equal Credit Opportunity Act and Fair lending including Prohibited basis for discrimination, disparate treatment, permissible acts, certain notices, and acceptable income in loan review.

• An understanding of the Gramm-Leach Bliley act including privacy of consumer information, privacy notices and opt-out requirements

Non-Traditional Mortgages

• An understanding of changes to FHA guidelines in 2021 and how they will effect 2022 originations

• An understanding of the special rules put in place for COVID relief

• A knowledge of alternative products, including rehabilitation,

• Specialty Finance products including affordable housing programs.