X Marks the Spot: Auditing for RESPA

Presented by:
Patricia Cashman

This CD ROM will be available after April 2, 2010.

Without the assistance of an "official staff commentary," understanding HUD's Reg. X, RESPA, is like going on a treasure hunt without the map. Performing a compliance audit for RESPA can be filled with trap doors and snares. Which loans are covered and by which sections? What triggers the "3 days" for some disclosures and "same day" for others? Which items on the GFE can vary from the settlement statement, how much is okay and how much is too much?

To protect a financial institution from getting lost along the way, its auditor can guide it through the RESPA maze to a real treasure - a fully compliant transaction.

This session will assist you in:

Comprehending the 2010 RESPA changes

Understanding the various triggers for different sections within RESPA

Detecting abusive practices such as kickbacks and referrals

Identifying common violations

Developing or adapting workpapers that adequately document the audit work performed and support the audit reports

Who should attend? This session is designed for:

New compliance auditors who want to fully understand the why and how of a RESPA audit;

Experienced compliance auditors who wants to revise or refresh their work program;

Loan department managers who want to know what the auditors and examiners will be testing and how to properly document for compliance issues;

Compliance officers can use this as a training tool for personnel responsible for preparation of RESPA disclosures including initial and annual escrow statements

VIEW A 10 MINUTE SAMPLE
(requires Windows Media Player and IE).

About the speaker: Patricia is a partner in Cashman Compliance Solutions, LLC. She is responsible for consumer compliance reviews, Bank Secrecy Act (BSA) and Anti-Money Laundering reviews, and compliance and BSA training.

Patricia began her banking career in 1969. She has been the senior operations officer for three Dallas-Ft. Worth area community banks, an assistant examiner for the Texas Department of Banking and managed the compliance/internal audit division of TIB - The Independent BankersBank, one of the largest bankers' banks in the country.

Additionally, Patricia has spoken as a webcast/teleconference presenter for the American Bankers Association (ABA), BankersOnline (BOL) and the Center for Financial Training (CFT), taught a variety of compliance subjects for the Texas Bankers Association (TBA) and ABA at their respective Compliance Schools. She also serves as a BOL GURU and been a speaker/trainer for numerous banks and compliance organizations.

• Complete presentation (including slides and audio)
• Written Materials
• Follow-up Q & A

You have the right under this license agreement for this CD-ROM to use this presentation on a single-workstation. Use on a network is in violation of the copyright agreements. CD may be used by multiple users at a given institution but may not be placed on a network or in any other multi-user environment.