Under a mandate by the Dodd-Frank Act, the Consumer Financial Protection Bureau (CFPB) released a final rule on Jan. 17 on new mortgage servicing standards, amending Regulation X and Regulation Z. This rule was one of many released by the CFPB in January, and like the others, it requires training, retooling and the implementation of new policies and procedures this year.

RESPA News is hosting a 90-minute educational webinar on Thursday, March 21, 2 pm ET on the components of the final rule and how to comply with its various parts. The webinar is Part 1 of a 3-part series covering a host of RESPA and mortgage-related topics.

The New Loan Servicing Standards webinar will feature two top mortgage trainers, John Socknat, a partner of Ballard Spahr LLP, and Joseph Reilly, a partner of BuckleySandler LLP. The two of them will cover:

• Resolving alleged errors;
• Responding to requests for information and any changes to RESPA’s qualified written request requirements;
• Force-placed insurance requirements;
• RESPA Section 6 and escrow accounts;
• Information management policies and procedures;
• Early intervention for delinquent borrowers;
• Continuity of contract; and
• Loss mitigation procedures.

“This webinar will provide in-depth training on the final rule and participants will have an opportunity to ask their questions through our live webinar instant chat feature,” said Angela Rulffes, editor of RESPA News and moderator for the webinar. “Participants will also receive relevant handouts, including articles featured in RESPA News and Dodd Frank Update. It is a great way to train your entire staff on the elements of this impactful rule.”

Register for Part 1 here.

Or Register for all three webinars in the series and save! Go here for details.

• Part 1: The New Loan Servicing Standards (March 21)
• Part 2: Drilling down on RESPA: How to comply (April 23)
• Part 3: Reviewing your Marketing Agreements and the Interpretive Rule: What is the right agreement for you? (May)