Course length: Approximately 43 minutes
Compliance with RESPA requirements is important in how you do business, as these requirements exist in all states. This course is designed to provide you with the tools required for compliance with RESPA. RESPA covers loans secured with a mortgage placed on a one-to-four family residential property. These include most purchase loans, assumptions, refinances, property improvement loans, and equity lines of credit. It is critical to those in any aspect of the mortgage industry to ensure compliance with these and other laws.
Course objectives include:
• Define RESPA coverage and key terms
• Explain initial RESPA disclosure requirements
• Explore interim, closing, and post-closing disclosure requirements
• List prohibited practices, penalties and enforcement
More detailed course information is available at: http://elliemae.com/education/courses/fulfilling-respa-requirements
Last Updated 06/2019.
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