Why Should You Attend:
Do you know how to complete an ARM loan? If you don’t, will you have to learn? Both of these questions will be answered during this webinar. Recently the CFPB has changed the definition of “rural and underserved” yet again. As part of that change, many financial institutions that have been able to do balloon loans will not be able to as of April 1, 2016.
The first portion of the webinar will discuss this issue – which financial institutions can do balloons, and which will have to walk away from them on April 1, 2016. The second portion, and the chief section of the presentation, will be devoted to the management and compliance requirements of ARM loans. While they have a reputation of being cumbersome, proper management of the process makes ARM loans much less trouble than their reputation indicates. The presentation will provide the tools and knowledge needed to make ARM loans a reality in your institution.
Learning Objectives:
What is the definition of “rural and underserved” now?
How does that impact your institution?
What should be considered when establishing an ARM program?
What documents are needed to make an ARM program work?
Ongoing management of an ARM program
Areas Covered in the Webinar:
Resources regarding the various indices that may be used for ARM lending
Checklists to ensure that all ARM documents are complete
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
Fair Debt Collection Practices Act (FDCPA) rules
ARM (adjustable rate mortgage) change notification requirements
Do you know how to complete an ARM loan? If you don’t, will you have to learn? Both of these questions will be answered during this webinar. Recently the CFPB has changed the definition of “rural and underserved” yet again. As part of that change, many financial institutions that have been able to do balloon loans will not be able to as of April 1, 2016.
The first portion of the webinar will discuss this issue – which financial institutions can do balloons, and which will have to walk away from them on April 1, 2016. The second portion, and the chief section of the presentation, will be devoted to the management and compliance requirements of ARM loans. While they have a reputation of being cumbersome, proper management of the process makes ARM loans much less trouble than their reputation indicates. The presentation will provide the tools and knowledge needed to make ARM loans a reality in your institution.
Learning Objectives:
What is the definition of “rural and underserved” now?
How does that impact your institution?
What should be considered when establishing an ARM program?
What documents are needed to make an ARM program work?
Ongoing management of an ARM program
Areas Covered in the Webinar:
Resources regarding the various indices that may be used for ARM lending
Checklists to ensure that all ARM documents are complete
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
Fair Debt Collection Practices Act (FDCPA) rules
ARM (adjustable rate mortgage) change notification requirements
Speakers
Craig Taggart has almost a decade of experience in the fields of mergers and acquisitions and business financing. Mr. Taggart works strategically with his clients to achieve the highest value for their business within the capital markets. His experience with BCC Capital Partners in the M&A industry has greatly contributed to his understanding of transaction structure, strategic placement of buyers, and the attainment of maximum market value for his clients. He has represented and sold many businesses in a number of different industries and has significant experience working with companies in: continuing education, transportation, software and professional services. Mr. Taggart is currently working in the clean energy sector that covers multiple initiatives within M&A and corporate development.He is a certified merger and acquisition advisor, accredited valuation analyst as well as an active member of Alliance of Mergers and Acquisition, and The National Association of Certified Valuators and Analysts (NACVA). His knowledge and expertise also extends to systems such as: Software as a Service (SaaS), and ERP and CRM systems (Netsuite, Salesforce, Sage 100, 500, X3 ERP). Mr. Taggart has been a certified fraud examiner since 2011 and has previously worked at Deloitte with their quality risk management team.
He earned his MBA from the San Diego State University specializing in financial management. Mr. Taggart graduated from the California State University Northridge with a bachelor’s degree majoring in organizational psychology.
