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A Primer on SAFE Act Compliance

With the introduction of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (aka the “SAFE Act”) the way lenders manage their mortgage department has undergone a major change. In this webinar we will discuss the fundamentals of the SAFE Act and the impact it has on lending.

We Will Cover:

  • A quick recap of the background and coverage of the SAFE Act
  • A review of who in your institution will be considered to be a Mortgage Loan Originator (“MLO”)
  • Why the current vague MLO definition will cause problems
  • What the two alternate approaches are to defining position descriptions relative to MLOs
  • A summary of what your institution’s obligations are under the SAFE Act
  • Administrative and structural issues the SAFE Act raises
  • Where you can go to obtain additional detailed guidance with respect to registration of your MLOs
  • The timing of getting all of your MLOs registered

We will also provide plenty of time for live questions and discussions relating to what the rules require of your institution and what your options are for how you approach your compliance responsibilities.

Who Should Attend:

This webinar is for compliance personnel dealing with mortgage related lending compliance issues, loan originations and loan operations personnel, auditors, and all loan origination personnel who deal with prospective mortgage loan customers.

Training on Demand's are limited to Premium Members. If you are interested in learning more about Premium Membership and its benefits, please contact us at Regulatory.Services@capco.com.

Premium Members get access to a number of compliance and risk management resources, including: • Live Webinars • On-Demand Training • Big Orange Book • TRID Calculator • Quick Reference Guides (QRGs) • Monthly Compliance Calendar • Advertising Tutorial

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