Mortgage Origination: A Three-Hour Session

Date Recorded: July 8, 2025
Presenter: Kylee Durbin, CRCM, Manager, Forvis Mazars, LLP

A three-hour remote session that focuses on the origination of a mortgage loan. Everything from application to closing!

Originating a mortgage loan is perhaps one of the most difficult processes among all lending products from a compliance standpoint, given the additional disclosures and protections due to this being a closed-end consumer loan secured by a residence.  Lenders must comply with numerous provisions under different regulations, leading to rules that can be sometimes contradictory and always confusing.

This remote session will provide a high-level overview of federal lending compliance requirements, presented from the time of application to closing, and will differentiate between those rules that require us to provide disclosures and those that require certain analysis.  The webinar will provide a refresher for those who are familiar to lending compliance, and an excellent introduction for those new to the lending area.

HERE IS WHAT YOU WILL LEARN:

The webinar will include the origination requirements for closed-end mortgage loans under ECOA/Regulation B, FCRA, TILA/Regulation Z, RESPA/Regulation X, Privacy, Flood Insurance, PMI, and Sale of Insurance.  Among other rules, the webinars will include the following topics:

• Applications:
  • Definition of application under ECOA/TILA
  • Government Monitoring Information under ECOA/HMDA

• At application requirements:  ARM Disclosures, Privacy Notice, and Insurance Notice
• Permissible Purpose/Credit Report
• Disclosures Required Three Business Days After Application, including the Loan Estimate
• Determinations: Ability to Repay, Higher-Priced Mortgage Loan, High-Cost Mortgage, and Flood
• Disclosures/Notification Required before Closing, including Notification, Appraisal, and Flood
• Closing Disclosure
• Other obligations at/after closing: Right of Rescission, PMI Notice, and Escrow Account Statement