Factoring in the Latest on ECOA, TILA and RESPA (Including RESPA and TILA Servicing Final Rules) Into Your Policies, Procedures and Requirements

November 20, 2014 3:35pm

Scott Barber

Stites & Harbison, PLLC

Marsha L. Williams
Chair, National Mortgage Compliance Group
Middleberg Riddle Group

David Stein
Member
Bricker & Eckler LLP

• Real Estate Settlement Procedures Act and Truth in Lending Act Servicing Final Rules
• TILA (Regulation Z) and adapting your policies, procedures training and compliance management systems
• RESPA (Regulation X): Early intervention, point of contact and beyond
• Amendments to RESPA set forth new requirements for specific forms and borrower inquiries – do they replace those requirements set forth by the Qualified Mortgage Rule? How do they work with the QMR?
• Latest on ECOA valuation
• Importance of policies, procedures, training and a compliance management system
• Focusing on risk to the consumer as opposed to risk to the financial institution
• Reliance on data gathered through channels other than direct examination