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MBA Breaks Down QM and ATR in New Compliance Guide

NationalMortgageProfessional.com
Dec 20, 2013

MBA Education has unveiled the "Compliance Essentials Ability to Repay (ATR)/Qualified Mortgage (QM) Resource Guide," the a manual that explains not only the effects of the ATR/QM rule on the real estate finance industry but also how organizations should adjust and operationalize to comply with this new federal regulation. "The complexity and obligations under the ATR/QM rule will be burdensome for many companies in the real estate finance industry,” said David H. Stevens, president and CEO of the Mortgage Bankers Association. “Because of this, MBA Education has created the only resource manual that helps organizations understand and adjust to this new reality. The January 10 deadline for compliance is fast approaching, making it critical for those affected by this new regulation to get up to speed immediately and begin properly conforming to these requirements." This resource guide includes: ►A clear understanding of what is required for all employees including loan officers, processors and underwriters; ►A basis for training staff to be aware of the new demands to better support organizations and reduce their risk; ►A description of how to operationalize the rule requirements in an organization's day-to-day business. MBA has worked with a leading law firm, Weiner Brodsky Kider PC, to produce this useful and affordable guide. This book is the equivalent of many hours of legal consultation and is available to MBA members at a reasonable cost, considering its value.
Published
Dec 20, 2013
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