Mortgage Brokering - Regulatory Compliance (Complete Guide)

Mortgage Brokering - Regulatory Compliance (Complete Guide)

$400.00
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Description

This is a comprehensive policy guide to comply with the laws and regulations as a mortgage broker. Once purchased this guide will be customized to your specifications. You will receive an immediate invoice receipt with a download link to a questionnaire with some simple questions to answer and receive your customized guide within 24-48 hours. This is written for independent mortgage bankers but can be customized for depository financial institutions and credit unions. 

Table of Contents

Purpose, Scope and Compliance

  • Purpose
  • Scope
  • Compliance (including Corrective Action)

Anti-Money Laundering (AML)

Broker Services/Fee Disclosure

Collection of Fees

  • Upfront Fees (Third Party Providers of Services)
  • Fees for Our Services

Customer Complaints

Equal Credit Opportunity Act (ECOA)

  • Discrimination/Discouraging Applications
  • Credit Decisions, Adverse Action and Counteroffers
  • Demographic Information

Electronic Signatures in Global and National Commerce Act (ESIGN)

Fair Lending and the Fair Housing Act

Fair Credit Reporting Act (FCRA)

  • Credit Reports/Permissible Purpose
  • Affiliate Sharing of Customer NPI

Marketing/Advertising

  • Social Media
  • Co-Marketing

Privacy

  • Data Breach
  • Cybersecurity

Real Estate Settlement Procedures Act (RESPA)

Recordkeeping/Retention

State Disclosure

  • Loan Approval/Interest Rate Locking

Training

Truth in Lending Act (TILA