Free Mortgage Webinar Reviews Major Changes of 2010, including MDIA, Dodd-Frank

Oct. 8, 2010 - PRLog -- As the mortgage industry continues to experience major reform, the year 2010 will forever be remembered as a year of change. On January 1, the year began with the required use of the new GFE, which led to considerable confusion about the correct way to fill out the form and when to re-disclose.  The following months brought the introduction of Fannie Mae’s Loan Quality Initiative (LQI), new Fannie Mae appraisal requirements, multiple FHA changes (MIP, minimum credit score, etc.), the Dodd-Frank Wall Street Reform and Consumer Protection Act, and the list continues.

The rapid increase in the number of changes has made it more difficult for lenders and brokers to keep up. To help lenders and brokers manage these implementations, Mortgage Compliance Advisors is pleased to offer a free training webinar reviewing the major changes of the year. The webinar is open to all and is scheduled for Thursday, October 21 at 12:00 pm Mountain Daylight Time. Since the previous webinar dealt exclusively with GFE changes and questions, this month the webinar will review other major changes of the year, including a panel discussion of the updates and an open Q&A session. The topics to be discussed include:

•   Fannie Mae changes (including LQI)
•   MDIA
•   FHA changes
•   Dodd-Frank Wall Street Reform and Consumer Protection Act (briefly)

Mortgage Compliance Advisors (MCA) offers free monthly webinars on various topics, generally every third or fourth Thursday of the month. Everyone is encouraged to submit their questions to info@MortgageComplianceAdvisors.com, and the presenter will try to incorporate the answer into the presentation. If there is not enough time to address every question during the webinar, MCA will email the answers to all the participants after the webinar. For added convenience, every webinar question and answer will be posted on MCA’s website and in the monthly newsletter.

To register for the free webinar “Managing the Year of Change” on October 21, visit http://www.mortgagecomplianceadvisors.com/index.php/free-....

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MCA has the experience and resources to serve all your compliance needs, including QC audits, consulting services, etc. We have grown to serve hundreds of clients nationwide because of our experience, fast turnaround, low prices, and easy process.