Mortgage Loans: The Early Disclosures

Recorded: August 8, 2024
Presented by: Kylee Durbin, Lead Consultant, Forvis Mazars, LLP

A two-hour webinar that reviews the disclosures that are provided at the beginning of the application process.

Financial institutions are required to provide numerous disclosures throughout the application process – some disclosures are early, some are later.  Which disclosures are required and when are they required?  What do the disclosures mean?

This webinar will provide an overview of the Federal lending compliance disclosures that are or may be required with mortgage loans, in terms of timing (at application, three-business day, and other disclosures that are provided soon after application) and the information these disclosures include.

HERE IS WHAT YOU WILL LEARN:

The timing and significance of:

• Definition of application
• At application disclosures and requirements
  • GMI; ARM; Bank Sale of Insurance; Privacy

• Three-business day disclosures
  • Loan Estimate, Written Provider List, Settlement Cost Booklet
  • Homeownership counseling list, Affiliated Business Arrangement

• Other disclosures that may be provided soon after application
  • FCRA disclosures
  • ECOA notification
  • Flood notice