Today's lending environment requires a well-trained and educated loan processor. Loan processors must be able to navigate countless regulations and identify potential fraud threats all the while building strong customer relationships and making high-quality loans. One of a 7-part valuable series, which includes computer-based modules and individual training materials, will ensure your lending staff has the necessary skills and knowledge to do the job right.
Each program includes a presentation for individual or group viewing on a computer screen. The manual is searchable with quizzes, examples and testing.
Written and produced by Chaotic Solutions
Loan Processor Volume 4: Regulation Z Closed End (20 minutes)
Understand the requirements of Regulation Z for closed end transactions including disclosures, right of rescission, requirements for certain closed home mortgages, reserve mortgages, prohibited acts or practices, valuation independence, ability to pay, private education loans, and limitations on increasing APR, fees, and charges.
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