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procedures for overages or shortages
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from Regulation E to Operating Circulars
This certification will take approximately 9 hours to complete
After completing this course
HPMLs, HCMLs, and HCPTs passport procedures for overages or shortagesProperly identifying these loan varieties is crucial for good compliance management. You need to know if you have triggered one, so that your financial institution can either reprice the loan to avoid such status, or accept the risk and comply with the requirements. Also, all of these varieties have an impact on a loans Qualified Mortgage status, which satisfies mandatory Ability To Repay (ATR) compliance. What a tangled web! Learn the impacts of
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