Jack Holzknecht is the CEO of Compliance Resource, LLC. He has been delivering the word on lending compliance for 39 years. In Jack's 34 years as a trainer over 125,000 bankers (and many examiners) have participated in his live seminars and webinars. Jack's career began in 1976 as a federal bank examiner. He later headed the product and education divisions of a regional consulting company. There he developed loan and deposit form systems and software. He also developed and presented training programs to bankers in 43 states. Jack has been an instructor at compliance schools presented by several state bankers associations. He developed and delivered compliance training for the FDIC and OTS for ten years. He is a Certified Regulatory Compliance Manager and a member of the National Speakers Association. He is also a "BOL Guru."
See all Upcoming and On-Demand training presented by Jack.
Our financial institution had to stop balloon payment lending prior to April 1, 2016 due to the expiration of the Temporary Balloon Payment QM option under 1026.43(e)(6)(i), are there any other options available for us to make balloon payment QM’s?
Why should I be concerned whether or not my qualified mortgage is considered a Higher-Priced Covered Transaction (HPCT)?
Where can I find all provisions required by the Fair Credit Reporting Act?
Does my financial institution have to have policies and procedures regarding accuracy and integrity of furnished information provided to CRA’s?
We were cited in our last exam for not having a permissible purpose to pull a credit report; however, I can’t find information in the regulation regarding permissible purpose. Where can I find this information?
I am a new lender and have never pulled a credit report that included a fraud alert. Are there certain steps I must take before I can move forward with the loan?
Our financial institution has noticed an increase in cases of identity theft among our customer base. What can we do to prevent this from occurring?
We have been providing the Notice of Negative Information at loan closing; however, I was told by an auditor that it is required to be provided on the notice we send when the borrower has defaulted. Is this accurate?
We have never disclosed the MAPR. Are there changes that require us to do so now?
Our software calculates the finance charge, the APR, the rate spread and the total of points and fees for us. Isn't our risk of a fee disclosure violation therefore very limited?