RC_RC_LP_201.4 Fair Lending During Loan Disposition

Member Price: $49.00

Nonmember Price: $79.00

Product Code: DL2-011180-WC-W

Purchase

This is a single-family/residential course.

The potential borrower has been interviewed, an application completed, and a credit investigation performed. Based on this information, the underwriter must now make the loan decision. Several laws and regulations speak directly to credit evaluation, denial, and settlement.

Fair Lending During Loan Disposition examines fair lending considerations during the underwriting phase of the loan production cycle. It begins with being consistent in during the credit evaluation process in regards to: compensating factors, applying approval conditions, dealing with non-occupying co-borrowers, and evaluating applicants. From there, the course examines fair lending when credit must be denied especially in notifying the applicants. The end of the course describes the lender's obligations to respond to the needs of the community, including reporting requirements under the Home Mortgage Disclosure Act (HMDA).

Topics:

  • Credit Evaluation
  • Credit Denial
  • Assessment of Community Credit Needs and HMDA

Seat time approximately one (1) hour.

Copyright 2017.

Notes

This is a self-paced, self-study course. Enroll anytime and take up to 12 months to complete the course.

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