The RESPA rule’s new forms are a reality. HUD’s “restrained enforcement” announcement might sound like a relief – but it doesn’t mean you won’t have to start using them.
To help you get ready to work with these new documents, we’ve assembled an incredible cast of RESPA insiders and trainers for the RESPA 2010 Webinar Series.
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Mastering the New GFE:
Your Expert Guide to Filling-Out HUD's New Form |
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Mastering the New HUD-1:
Your Expert Guide to Filling-Out HUD's New Form |
In Mastering the New GFE you’ll get complete line-by-line instruction on using the new form, as well as exclusive insight into the reasoning behind YSP disclosure, the bundling of origination and title fees and the tolerance sections. Special emphasis will also be placed on filling-out the top of page 2, page 3 and Blocks 3 and 6.
This is the perfect opportunity to get comprehensive training on the new form from the country’s foremost RESPA experts and insiders. Order today and you’ll learn:
- All about the new tolerance section: not only where the various charges go, but also why they go there.
- What circumstances allow for reissuance of the GFE
- Details about “Our Origination Charge” – including how to properly disclose yield spread premiums.
- About the “Important Dates” section and issues surrounding the disclosure of the interest rate.
Here are just a few questions that you'll hear addressed:
- When do changed circumstances allow for a new GFE?
- Can you attach something to the GFE – such as an addendum explaining fees?
- What should the lender and closing agent do if the 10-percent tolerance is violated?
- What do the panelists recommend as far as using the tradeoff table? HUD mandates the first column be filled out but not the others.
- Why the shopping chart? Does HUD really think the borrower is going to use this? What did the consumer testing show?
This GFE instruction and insight is perfect for:
- Lenders
- Mortgage Brokers/Loan Officers
- Title Agents
- Attorneys
- Real Estate Agents
- Regulators
- Anyone else who needs to understand the form
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The second installment of the RESPA 2010 Webinar Series is your perfect opportunity for expert line-by-line instruction on filling out the new HUD-1. Who better to guide you through the new form than the HUD-insider who led its creation and the nation’s foremost RESPA trainer?
Order today and you’ll learn:
- How to fill out the new HUD-1 from top to bottom – not only what goes where ... but also the reason behind why it goes there.
- Key issues to consider about the new HUD-1 as it relates to the GFE.
- The latest on the settlement services providers list debate..
Here are just a few of the questions you’ll hear addressed:
- How does the average charge concept work?
- What was the reasoning behind the separation of the agent’s and underwriter’s portions of the premium? How might this impact competition?
- What should the closing agent do if there is a tolerance violation?
This HUD-1 instruction and insight is perfect for:
- Title agents
- Closing Departments
- Mortgage Brokers / Loan Officers
- Lenders
- Attorneys
- Real Estate Agents
- Regulators
- Anyone else who needs to understand the form
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Speakers / Trainers
Brian Montgomery
Managing Director
The Collingwood Group, Washington, D.C.
Brian Montgomery, is a Managing Director of The Collingwood Group and former U.S. Department of Housing and Urban Development (HUD) Assistant Secretary for Housing – Federal Housing Administration (FHA) Commissioner who oversaw the development and publication of the RESPA rule. As FHA commissioner, he was responsible for the oversight and modernization of the insurance fund’s $600 billion portfolio, and the operation and management of all programs within HUD’s Office of Housing, including FHA. Montgomery was also responsible for HUD’s regulatory responsibilities related to RESPA and the SAFE Act, the housing mission of the GSEs and the manufactured housing industry.
Gary Cunningham
Principal
The Collingwood Group, Washington, D.C.
Gary Cunningham was formerly the Deputy Assistant Secretary for Regulatory Affairs and Manufactured Housing at HUD, who directed HUD’s efforts to develop and implement the RESPA rule, GFE and HUD-1 that become effective Jan. 1, 2010. He directed the regulatory and compliance programs of the Office of Housing and FHA, including policy formulation, rulemaking and enforcement nationally of RESPA and the SAFE Act. Cunningham leads Collingwood’s regulatory and compliance advisory practice focusing on RESPA, the SAFE Act and other statutes.
Christopher Cruise
RESPA Compliance Trainer and National Marketing Director
1st National Title, LLC
Christopher Cruise is a nationally-known, Washington, D.C.- based compliance trainer specializing in RESPA. He has been a residential mortgage loan originator since 1988, has written extensively for mortgage trade publications and has been quoted in The Wall Street Journal, Forbes, Bankrate.com, The Washington Post, Reader’s Digest and many other publications. He has conducted and attended dozens of webinars and classes on the RESPA rule and has written columns about the rule for RESPANews.com.
The Collingwood Group is a senior team of seasoned financial services executives providing business advisory services to boards of directors and executives of firms in the financial services industry. The firm provides clients with extraordinary insights and capabilities in the world of federal departments, agencies, GSEs, trade groups, news media and all those constituencies that make Washington, D.C., a uniquely challenging business environment.
Click here to order the recording of Part I: Mastering the New GFE or Part II: Mastering the New HUD-1 only.
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