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The American Bankers Association (ABA) has announced that it has expanded its online training curriculum with courses designed to address the complex TILA-RESPA Integrated Disclosure (TRID) Rule that took effect Oct. 3. The new courses—Preparing the Loan Estimate and Preparing the Closing Disclosure—are part of an 18-course online series focusing on residential mortgage lending that can be taken together as a complete curriculum to earn ABA’s recently introduced Residential Mortgage Lender Certificate or individually.
“Our expanded mortgage lending curriculum will be a tremendous asset to bankers as they work to implement the complex TRID rule,” said Jim Edrington, executive vice president of ABA’s Professional Development Group. “Mortgage lending remains a core product for most banks, which must continue finding ways to exceed customer expectations in an increasingly competitive marketplace.”
The ABA Residential Mortgage Lender Certificate is designed for aspiring mortgage lenders and those individuals new to the mortgage area of the bank, including mortgage loan clerks, loan processors and closers. It provides a solid understanding of banking, credit analysis and legal principles that support the mortgage process. In keeping with evolving customer preferences, the certificate underscores relationship sales skills in addition to the mechanics of a mortgage loan, thereby preparing loan officers to be successful in growing their book of business while helping their bank acquire a deeper share of wallet.
A free companion course—Pre-Information on TILA-RESPA for AllRegs Mortgage Courses—has been added to the certificate and includes a brief fact sheet: “TILA-RESPA Integrated Disclosure: What Does It Mean For You.”
The estimated time to complete all 18 courses is approximately 26 hours. Course titles include:
►Basics of Mortgage Processing
►Completing the HUD-1
►Discovering FHA Programs
►Effective Client Referrals
►Elements of Title Insurance
►Essentials of Mortgage Lending
►Ethical Issues for Bankers
►Explaining Loan Modifications
►Gathering the Facts on Mortgage Fraud
►Mortgage Customer Counseling and Prequalification
►Personal Tax Return Analysis
►Preparing the Closing Disclosure
►Preparing the Loan Estimate
►Processing and Underwriting Credit
►Processing Income and Assets
►Reviewing the Appraisal Report