Loan Servicing Regulation X
1 hour 5 minutes
Learn the requirements needed to service mortgage loans in order to comply with CFPB rules and regulations.
Compliance for residential mortgage lending and servicing can be confusing and changes rapidly with guidance promulgated from several outlets, including the Consumer Financial Protection Bureau. This program will identify issues related to small servicers, including the definition of a small servicer, loss mitigation, successor in interest regulations, and forced place insurance.
We will also look at recent litigation trends relating to mortgage servicing, including CFPB updates and COVID-19 ramifications.
• You will be able to define a small servicer.
• You will be able to describe the loss mitigation requirements related to Regulation X.
• You will be able to discuss forced placed insurance as it relates to mortgage servicing.
• You will be able to identify a confirmed successor in interest.