Transcript Welcome and Introduction

VIP Executive Advisor
Information for Mortgage Lending Decision Makers
Countdown to the
TILA–RESPA Integrated Disclosure Rule
A Readiness Roadmap for Executives
Tuesday, March 31, 2015
Presented by
Ginger Bell
Education Specialist
Strategic Compliance Partners
Countdown to the TILA-RESPA Integrated Disclosure Rule
© 2015 Vantage Production, LLC.
VIP Executive Advisor
Information for Mortgage Lending Decision Makers
Welcome and Introduction
Ginger Bell
Education Specialist
Strategic Compliance Partners
Countdown to the TILA-RESPA Integrated Disclosure Rule
Sue Woodard
CEO and President
Vantage Production
© 2015 Vantage Production, LLC.
VIP Executive Advisor
Information for Mortgage Lending Decision Makers
Housekeeping
If you can’t hear us, please call the number on your invitation email or dashboard.
We’re using a phone line, not mic & speakers.
To dial in
Countdown to the TILA-RESPA Integrated Disclosure Rule
To ask questions
© 2015 Vantage Production, LLC.
VIP Executive Advisor
Information for Mortgage Lending Decision Makers
Today’s Agenda
 What executives should be monitoring
 The role of your compliance officer
 Elements of a thorough implementation plan
• Loan products, sales channels, departments and teams
• Implementation milestones
• Business process review and gap analysis
• Technology audit—systems, software and hardware
• Third-party service providers
• Employee training
• Referral partner communications
• Employee and partner communications
 Readiness Assessment Calendar
 Post-implementation Monitoring
 Leveraging the TRID to grow relationships
 Q &A
Countdown to the TILA-RESPA Integrated Disclosure Rule
© 2015 Vantage Production, LLC.
VIP Executive Advisor
Information for Mortgage Lending Decision Makers
Introduction
Ginger Bell is a the best-selling author of “Cracking
the Success Code”, co-authored with Brian Tracy.
She has designed, developed and lead the creation
of several national training programs in the mortgage
banking industry.
A previous Dale Carnegie Training Consultant,
Ginger also oversees compliance training for
Strategic Compliance Partners who works closely
with Vantage Production to deliver comprehensive
compliance training.
Ginger Bell
Education Specialist
Strategic Compliance Partners
Countdown to the TILA-RESPA Integrated Disclosure Rule
© 2015 Vantage Production, LLC.
VIP Executive Advisor
Information for Mortgage Lending Decision Makers
Webinar Giveaways
As always, Webinar replay and PPT, plus:
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6 TRID Tips for Realtors Handout
TRID Compliance Milestones Chart
Implementation Toolkit
Detailed Implementation Worksheet
Will be posted on www.vipexecutiveadvisor.com by the end of this week.
All registrants will receive an email with details.
Countdown to the TILA-RESPA Integrated Disclosure Rule
© 2015 Vantage Production, LLC.
VIP Executive Advisor
Information for Mortgage Lending Decision Makers
What Executives Should be Monitoring
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Technology and systems
Operations and workflows
Training and education
Liability
Countdown to the TILA-RESPA Integrated Disclosure Rule
© 2015 Vantage Production, LLC.
VIP Executive Advisor
Information for Mortgage Lending Decision Makers
The Role of Your Compliance Officer
 Project Manager
• What products, processes, and systems will be impacted in
your institution?
•
How did you handle your last regulatory change?
– What went well? What didn’t?
•
What you learned from the past can help you build a more
effective implementation plan
Countdown to the TILA-RESPA Integrated Disclosure Rule
© 2015 Vantage Production, LLC.
VIP Executive Advisor
Information for Mortgage Lending Decision Makers
Elements of a Solid Implementation Plan
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Loan products, sales channels, departments and teams
Implementation milestones
Business process review and gap analysis
Technology audit—systems, software and hardware
Third-party service providers
Employee training
Referral partner communications
Employee and partner communications
Countdown to the TILA-RESPA Integrated Disclosure Rule
© 2015 Vantage Production, LLC.
VIP Executive Advisor
Information for Mortgage Lending Decision Makers
Readiness Assessment Calendar
Countdown to the TILA-RESPA Integrated Disclosure Rule
© 2015 Vantage Production, LLC.
VIP Executive Advisor
Information for Mortgage Lending Decision Makers
Post-implementation Monitoring
 Tracking system
• Monitor dates and timelines
• Meet to discuss issues
• Address, correct and resolve
Countdown to the TILA-RESPA Integrated Disclosure Rule
© 2015 Vantage Production, LLC.
VIP Executive Advisor
Information for Mortgage Lending Decision Makers
Leveraging the Rule to Grow Relationships
 Train and educate real estate partners
• Emails
• Phone calls
• Educational workshops
Insert handout image
• One-on-one meetings
Countdown to the TILA-RESPA Integrated Disclosure Rule
© 2015 Vantage Production, LLC.
VIP Executive Advisor
Information for Mortgage Lending Decision Makers
Q&A
More Questions?
Strategic Compliance Partners is here to help.
Contact Leslie Benjamin
VP Business Development
[email protected]
301.691.1300
www.strategiccompliancepartners.com
Countdown to the TILA-RESPA Integrated Disclosure Rule
© 2015 Vantage Production, LLC.
VIP Executive Advisor
Information for Mortgage Lending Decision Makers
Thank you for attending
Countdown to the TILA–RESPA Integrated
Disclosure Rule
March 31, 2015
Ginger Bell, Education Specialist
Strategic Compliance Partners
Want to learn more? Call (800) 963-1900 or visit vipexecutiveadvisor.com