Nobody wants compliance mistakes but when they are tolerable and in moderation, you grow, you learn from them and that leads to improvement and survival in a tough world of compliance and banking.
Many banks do escrow statements at the year end. If your bank is does this, your busy season is fast approaching. Regardless of when your escrow statements are done, they must be correct. There is no delay for RESPA deadlines.
That is what the CFPB fined nine mortgage lenders in in less than a four-month span in 2020 for false advertising. If one of your hats means you produce, audit, review, or answer to the advertisements your bank uses, this webinar is for
Mistakes are bad, except when you learn from them. Mistakes are great when you learn from someone else’s. Join me as we look at what examiners and auditors are finding wrong in banks so they do not find these in your bank.
You shouldn’t be faulted just because, “you don’t know, what you don’t know.” But you will be because you should know. When in compliance, you are responsible for ALL of the compliance changes, updates and guidance issued in 2021.
Electronic delivery can be your virtual friend before, during and after a pandemic. It helps the bank protect relationships, save time and money and satisfy customers who want information delivered quickly.
Mistakes are good when you learn from them. Mistakes are great when you learn from someone else’s. Join me as we look at what examiners are finding wrong in banks so they do not find it wrong in yours.
It’s a fact of life, “you don’t know, what you don’t know.” Unfortunately, that never means you are not responsible for ALL of the compliance changes, updates and guidance that were issued in 2020.
Recorded on January 11, 2021
RESPA – Section 8 Unearned Fees and Kickbacks Violations