The Regulation Z Higher-Priced Mortgage Loan (HPML) rule imposes numerous detailed, specific, and often operationally-burdensome requirements on defined higher-priced mortgage loans. These requirements require significant operational and compliance oversight and can invoke secondary market investors and other requirements. While the HPML rule has been in place for several years, the myriad details and impacts of this rule warrant complete refresher updates for all persons who deal with the issue, as well as thorough training for new employees. This course will help those working in underwriting and loan origination activities, and all those responsible for adherence to and oversight of HPML requirements, to understand the definition of HPML and what loans meet the definition; as well as the various requirements for loans that meet the HPML definition, such as when escrow accounts must be utilized, and the appraisal requirements specific to HPMLs. The course will also help you understand what regulators and agencies can enforce the HPML rule and possible penalties for violations. Finally, you will learn about some of the interplays between the HPML rule and investor requirements and how the HPML rule overlays and interacts with the qualified mortgage rule and the high-cost mortgage rule.
61 minutes Course Exam Certificate of Completion
Add to Wishlist
Document Retention and Destruction Policies for Financial Institutions
Title Issues for Lending Professionals
Live Webinar - October 29, 2024
Understanding Chapter 11 Bankruptcy
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
How Do the Higher-Priced Mortgage Loan Rule (HPML), the Qualified Mortgage Rule, and the High-Cost Mortgage Rule Overlap and Connect With One Another?
Higher-Priced Mortgage Loans
Questions and Answers
Add to Wishlist
Document Retention and Destruction Policies for Financial Institutions
Title Issues for Lending Professionals
Live Webinar - October 29, 2024
Understanding Chapter 11 Bankruptcy
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
This course was last revised on May 18, 2022.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Add to Wishlist
Document Retention and Destruction Policies for Financial Institutions
Title Issues for Lending Professionals
Live Webinar - October 29, 2024
Understanding Chapter 11 Bankruptcy
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Add to Wishlist
Document Retention and Destruction Policies for Financial Institutions
Title Issues for Lending Professionals
Live Webinar - October 29, 2024
Understanding Chapter 11 Bankruptcy
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Pay once and get a full year of unlimited training in any format, any time!
Additional benefits include:
Questions? Call 877-296-2169 to speak with a real person.
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.
Product ID: 405754This program is available in several formats. Please choose the best format for your needs:
