In this edition of the DocMagic moment, Ron looks back on how the CFPB’s January rules changes have impacted the industry.
This Dodd-Frank webinar includes how to’s and guidance for developing a practical, step-by-step plan for understanding and preparing for the Ability to Repay Rule/Qualified Mortgage Rule. You’ll learn what documents are required or suggested to evidence compliance with these rules as well as various audits to enhance compliance.
- You’ll learn how to determine Ability to Repay.
- You’ll understand which transactions are covered by the Ability to Repay Rule.
- You’ll learn ways to make a Qualified Mortgage fall under a “safe harbor” for compliance.
We will also provide useful tips and tools to help you develop a reasonable plan for implementation and compliance. Featuring speakers with compliance and legal expertise, the webinar will offer focused perspectives and hands-on experience with Dodd-Frank compliance.
DocMagic, Inc., the leading provider of fully-compliant loan document preparation, compliance and eDelivery solutions for the mortgage industry, announced today that its Dodd-Frank Implementation Roadmap webinar attracted a capacity crowd, with over 2,000 people requesting a spot at the virtual table, making it the most popular online event the company has presented this year. The program, which aired May 15, was the first in a series that the company is offering to the industry and was designed to help those who may be subject to the final Dodd-Frank Rules jumpstart implementation of the Rules. Other webinars in the series include the Ability-to-Pay/Qualified Mortgage, Loan Officer Compensation and HOEPA.
“The Compliance Edge in-house compliance team is proud to sponsor this Dodd-Frank webinar series. The high turnout for our Kick-Off webinar demonstrated that compliance with the Dodd-Frank Rules is at the forefront of everyone’s mind,” said Melanie Feliciano, DocMagic’s Chief Legal Officer and co-host for the event. “In fact, based on polling taken during the webinar, it is clear that many in our industry, at this point in time, do not feel sufficiently prepared to comply with the Dodd-Frank Rules. Industry participants are navigating a very complex compliance landscape right now, and they need tips and guides as well as dependable tools and resources they can use to mitigate noncompliance risks with the Dodd-Frank Rules.”