Description
Community Bankers: Understand Common Loan Estimate Errors & Real Estate Commission Changes
Learn how to avoid Loan Estimate (LE) errors and navigate the new real estate commission rules in this essential webinar. Compliance experts from Young & Associates will provide practical strategies for completing Loan Estimates accurately, even when details are unclear, and help you understand how changes in real estate commissions impact the process.
How to Avoid Loan Estimate Errors & Comply with Real Estate Commission Changes
The Loan Estimate is a critical document in the mortgage process, but it’s often issued before all transaction details are finalized. This can lead to errors that cost your institution money. In this webinar, you’ll learn strategies to avoid these errors while providing clear and accurate estimates to applicants. Additionally, we’ll cover the recent real estate commission changes, such as how to complete the LE when the seller pays part of the applicant’s commission.
Key Learning Objectives for Loan Estimate Accuracy
By the end of this webinar, you will:
- Correct LE Timing: Learn when to issue the initial and subsequent Loan Estimates to stay compliant.
- Best Practices for LE Completion: Discover how to protect your institution from cost discrepancies while keeping applicants informed.
- Avoid Common LE Errors: Identify frequent mistakes made when completing LEs and the steps to prevent them.
- Real Estate Commission Rules: Understand how the latest commission changes affect the Loan Estimate and how to handle these adjustments effectively.
Meet the Presenter: Bill Elliott, CRCM, Director of Compliance Education
Bill Elliott, a seasoned compliance expert with over 45 years of experience in banking, will lead the webinar. As the Director of Compliance Education at Young & Associates, Bill has a wealth of knowledge in regulatory compliance and has helped numerous banks navigate complex regulations. His extensive background includes roles as a compliance officer, CRA officer, and senior consultant, making him uniquely qualified to provide this essential training..
Loan Estimate Compliance Webinar Details
This webinar is tailored for those who complete the Loan Estimate, regardless of title. Compliance officers and loan management will also benefit from this presentation.
Participants will gain access to:
- Expert-Led Live Webinar providing actionable insights
- Comprehensive Presentation Materials to reference anytime
- Detailed Manual covering common LE errors and compliance insights
- Certificate of Completion to demonstrate knowledge and compliance
Hosted by Young & Associates, Inc.
Young & Associates is a national leader in financial institution consulting, outsourcing, and education. We provide trusted expertise you need to manage risk, stay compliant, and position for growth and profitability. Find out more about Young & Associates.
