Dodd-Frank will impact credit union mortgage lending. This FREE morning seminar will discuss many of those ways. The following topics will be covered:
- The Ability to Repay (ATR)
- ATR Exemptions
- Underwriting to the ATR
- Standards of Verification and Record Retention
- The Qualified Mortgage (QM)
- QM Risk - Safe Harbor
- QM Risk - Rebuttable Presumption
- QM Exemption
- Loan Originator Compensation
- Elements of an effective Compliance Management System (CMS)
- Audit readiness
John Levonick, Chief Legal and Compliance Officer, Mortgage Cadence LLC
In drawing from his advisory experience, John works closely with Mortgage Cadence clients to assist in interpreting compliance requirements, develop risk mitigation strategies and implement the requisite controls within the Mortgage Cadence platform(s) to best protect each client. Prior to joining Mortgage Cadence, John worked with creditors, servicers, secondary market participants and technology vendors in providing guidance on mortgage lending laws and was also responsible for overseeing the compliance content of vendor technology platforms, including policy tracking, interpretation and rule implementation. His experience as Chief Compliance Officer, Regulatory Counsel and Associate General Counsel in the mortgage industry has given him the skills to provide the guidance required to navigate the challenges of a constantly changing regulatory environment. John earned his B.A. from Eastern Connecticut State University and his J.D. from the University of Miami, School of Law. John is also a regular participant on numerous industry panels and has authored many articles.
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