On May 22, 2018, the House of Representatives passed Senate Bill S.2155, also known as the Economic Growth, Regulatory Relief, and Consumer Protection Act. While the bill brings about many positive changes, there has been confusion as to how these amendments will take effect and how you should prepare.
On Wednesday, October 3rd, QuestSoft hosted a webinar to review S.2155 changes, what we know to-date, what we don’t know, and how things might change in the future.
NOTE: This webinar is intended for banks and credit unions with 500 loan originations or less per year and loan origination systems that support these institutions.
During this webinar you will learn:
- Current challenges faced by lenders and LOS software over S.2155
- Data capture challenges – should you exempt all or just some of the fields?
- Considerations if you sell or broker some of your loans to non-depositories or larger depository institutions.
- Evaluating internal controls, including loan origination systems.
- QuestSoft enhancements to automate and accommodate S2155.
.... and more
Recommended for: Executive Management, Operations Management and Compliance Professionals, Loan Origination Software Vendors and Compliance Professionals.
- Presentation Slides [PDF]
- Webinar Recording [streaming]
- Q & A [PDF]
Fill out the form below to gain access to the webinar recording and download materials!
Vice President, Compliance, QuestSoft Corporation
Loretta is a regulatory compliance and risk management executive with over thirty years of experience in the financial services industry. Her most significant area of focus is fair and responsible lending risk management, including compliance management system and program development, qualitative and quantitative risk assessments, data quality management, process mapping, and staff training.
President, QuestSoft Corporation
Leonard has been associated with the mortgage industry for over 30 years, and is the founder of QuestSoft. He is a member of both MBA HMDA and NMLS Mortgage Call Report working groups, and is nationally recognized as a HMDA expert in automated compliance systems and methodology.