Do you remember the barrage of mortgage loan changes we experienced in 2014? There were certainly a lot of them and that was before TRID was even born! Since that time, we’ve continued to see changes, and even changes upon changes. At the heart of those 2014 rules, were the concepts of Ability to Repay (ATR) and Qualified Mortgages (QMs). These concepts go well beyond checking a box and need to be at the forefront of your real estate lending process. Not only do you need to make sure that you follow the regulatory requirements, but you need to also ensure consistency among lenders and make sure what you’re actually doing is in line with your Loan Policy and related procedures. Is it time for a refresher? If so, join us for our April 24, 2018 for our ATR, QM, High-Cost and Higher-Priced Mortgage Loan Requirements webinar. We will cover the in’s, out’s and everything in between!
Diane joined Banker’s Compliance Consulting with over 10 years of compliance experience and over 15 years of experience within the financial industry. Diane is a Certified Regulatory Compliance Manager (CRCM) and has a Bachelor’s Degree in Sociology with a concentration in Criminal Justice. She is a graduate of the Schools of Banking Compliance School and has participated in various other training opportunities throughout her career. Diane understands firsthand the struggles banks face in building and maintaining successful compliance programs. Her experience and common sense approach to consumer compliance is a great asset to our clients.
Diane and her husband have two kids who keep them busy. She enjoys running and other sports and is a big Bugs Bunny fan! She’s a bit crazy in that she does enjoy reading some of these regulations and she’s a “crazy cat lady!” Her cat tales are hilarious!