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Flood insurance requirements are important – and numerous. Loan origination compliance requirements were covered during Part 1 of this two-part series. But ongoing flood compliance post-closing is of equal importance and similarly regulation heavy, with many technical requirements. Flood citations are not slowing down and examiners frequently assess penalties. This is a high-risk area for any lender, regardless of whether you have a handful or scores of flood loans. Part 2 will explain how to ensure your procedures are compliant with ongoing flood requirements. It will also address issues and FAQs outlined by the CFPB.
HIGHLIGHTS
Monitoring and tracking flood insurance policies
Borrower notifications for flood-plain properties
Ongoing flood escrow requirements
Force-placement requirements
Preparing for your exam – how to know if you are ready
FAQs regarding flood requirements post loan closing
TAKE-AWAY TOOLKIT
Sample tracking spreadsheet
Sample force-placement procedures
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
DON’T MISS PART 1!
This program is the second of two in a series Flood Compliance in Lending Part 1: Loan Origination on Thursday, February 23, 2017
All webinars are available for six months after broadcast
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? Lenders, loan processors, compliance officers, and auditors.
ABOUT THE PRESENTER – Ann Brode-Harner, Brode Consulting Services, Inc., began her career in 1973 and has continued her service as a consultant to regional and community financial institutions through a wide range of areas including strategic planning, lending, deposits, marketing, training, compliance, and management. Ann is a well-respected presenter and has spoken to audiences across the country for over 25 years. She has presented sessions for numerous state associations and has taught at the School of Banking Administration at the University of Wisconsin as well as many other state banking schools. Ann is the author of “The Bank Deposit Documentation Manual for Front-Line Personnel” published by Bankers Publishing Company, and is well represented in numerous industry publications.
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