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2010 Mortgage Lending School
Click Here for a PDF Registration
Questions?
Contact Laurie Rees at 317/387-9380
Co-sponsored by the Michigan Bankers Association
and Ohio Bankers League
The Curriculum
The current mortgage market is not your dad's mortgage market. Today's turmoil has caused significant changes in how lenders do business. We have added modules on FHA lending and the government's "Affordability and Stability Plan." The appraisal process has come under heavy scrutiny, as many real estate markets have experienced severe declines in values. New compliance requirements will come into play this summer. They are related to "high cost" mortgage loans.
This three-day mini-school is designed to provide the real estate lending professional with a solid foundation for managing and producing a quality mortgage portfolio. This will be a very hands-on school, as it will include exercises in buying and selling mortgages in the secondary markets, a visit to a construction site and the analysis of the tax return of a self-employed borrower. It will also cover new underwriting guidelines, commercial Real Estate conventration and PMI requirements. The school's objectives are to assist the participants in three areas: improved customer service, more efficient processing and servicing, and stronger underwriting. All of these should result in your bank having increased earnings from the mortgage portfolio.
Modules
Real Estate Compliance
Regulatory compliance is crucial in any banking function. Real estate compliance information will include reporting requirements, RESPA, CRA, ECOA, and Reg-Z.
Secondary Mortgage Market
Pricing loans, Fannie Mae sales, and private mortgage insurance are crucial topics covered in this session.
Interviewing Applicants
Participants gain important information about verifying income, verifying debt level, gift letters, and understanding the needs and desires of their clients.
Construction Financing
Students visit an actual construction site to gain knowledge about draw schedules, then examine the nuts and bolts of reviewing the builders financial statement.
Appraisals
How do you select an appraiser? What about your staff appraisers, and just what is appraisal review? This session answers these common questions, and a whole lot more!
Affordability and Stability Plan
Today's morgage market has been buffeted by many ill winds; foreclosures, dropping values, exotic mortgage products, and collapsed sales markets. The Federal Government's response to this crisis, the homeowner affordability and stability plan, will have a major impact on the mortgage markets. The major goals of these initiatives are:
These program are designed to boost the economy and assist 7-9 million homeowners.
Admission Information
Who should attend?
Bankers who have not been exposed to formal mortgage lending training and lenders who want to broaden their mortgage lending knowledge will benefit from the school. Graduates will be better prepared to serve effectively and profitably as mortgage loan officers. Students should have a solid foundation in the areas of accounting, financial statement analysis, and economics. This understanding can be evidenced by AIB courses, college courses, in-house programs, self-study and/or experience. Students are expected to have had relevant banking experience prior to the school. This means a college degree and at least one year of experience, or a high school diploma and five years of banking experience.
Selection of applicants
All applications and full registration fees must be received in the IBA office by August 2, 2010. The IBA Board of Education will consider all applications, determine acceptability and notify the applicant. Decisions of the board will be final.
Cost
Tuition is $599 for IBA members and $1,198 for nonmembers. Fees include; casebook, study material, continental breakfast, lunch and dinner (Monday evening only), and refreshment breaks each day.
Housing
IBA has reserved a block of rooms at the Jameson Inn, 3850 Eagle View Drive, Indianapolis, IN 46254, which is within walking distance to the IBA Training Center. Room rates are $69.00 per night based on single and double occupancy. To make your room reservation call 317-299-6165. The cut-off date for reservations is July 27, 2010. Any reservations made after the cut-off date will be accepted on a space-or-rate available basis.
Meals
Continental breakfast is offered to all guests of the Jameson Inn. The IBA will provide continental breakfast and lunch at the Center for Professional Development. There will be a group outing for dinner on Wednesday, August 18, 2010. Dinner on Thursday, August 19, 2010 is on your own.
Required Equipment
Participants should bring, and be familiar with, an HP-12C calculator or its equivalent for use during the school.
Requirements and Regulations
Participants are expected to attend all sessions. Absences are excused only because of illness, catastrophe or extenuating circumstances, based upon a written statement submitted to, and approved by, the IBA Board of Education.
Certificate of Completion
Student performance will be measured using a combination of class participation and group presentations. Students who satisfactorily complete all requirements will receive a certificate of completion. Notification of completion or noncompletion will be communicated to the nominating officer.
Refund Policy
Any applicant who is not admitted to the school will receive a full refund. Any applicant withdrawing from the school prior to August 10, 2010, will receive a full refund. Any applicant canceling after August 10, 2010, or failing to appear at the school, will forfeit the entire registration fee. Extenuating circumstances will be considered on an individual basis by the IBA Board of Education. Requests for refunds due to extenuating circumstances should be submitted in writing.
The faculty for the 2010 Mortgage Lending School represents a wealth of lending experience and the ability to communicate this experience in an effective and enjoyable manner. Curriculum design, case study development, and lead instruction will be provided by David Kemp. Kemp has more than 17 years’ experience and management responsibility in credit administration. Before starting his own consulting firm, he was vice president and director of credit services for Cannon Financial Institute, a nationally recognized firm in financial services training and consulting. He is one of the IBA’s highest-rated speakers.
Paul R. Osborne, Crowe Horwath LLP. Osborne isthe Partner responsible nationally for directing thedevelopment and support of regulatory advisory services,focusing on consumer compliance, BSA/AML and terroristfinancing risk assessments, BSA/AML independent audits,trust department operational & administrative reviews,BSA/AML and trust training, assisting clients with developingfunctional and effective BSA compliance managementprograms, consulting with clients and prospects on thefeasibility of establishing fiduciary services, and respondingto client inquiries with respect to particular regulations ortheir application. Crowe currently provides compliance,BSA/AML and trust services to over 400 financial institutionclients nationwide.
THE AGENDA:
August 2: Applications Due
August 18 Registration 8:30 - 9:00 a.m.
Classes 9:00 a.m. - 5:00 p.m.
Dinner/Social Outing 6:00 p.m.
August 19 Classes 9:00 a.m. - 5:00 p.m.
August 20 Classes 9:00 a.m. - 3:45 p.m.
Adjournment 4:00 p.m.
Registration
Students will register between 8:30 a.m. and 9:00 a.m. on Wednesday, August 18, 2010. The school will begin at 9:00 a.m.
Location
IBA Center for Professional Development
6925 Parkdale Place
Indianapolis, IN 46254
The IBA Center for Professional Development is now located on the westside of Indianapolis just off of I-465. From I-465 take the 38th Street West Exit (Exit 17). When you exit go west on 38th street. Turn north/right onto Eagle Creek Parkway and then east/right onto Parkdale Place. Our address is 6925 Parkdale Place, Indianapolis, IN 46254.
Click here for a map and a list of local hotels or call Marlene Wells at (317) 387-9380. Dress is business casual.
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