AllRegs is pleased to present a completely overhauled CFPB Mortgage Mentor® Guide!

Our new and improved content provides industry practitioners like you guidance for navigating regulatory impacts to the loan life cycle from origination through servicing. The new Guide includes a chronology of events and regulations that shaped the CFPB, handy features like “pop-up definitions,” and summary job aids.

What it's about

We thought of everything – compliance resources for functional areas of front-end mortgage operations, sample disclosures for servicing, illustrative guidance for servicing procedures such as aggregate analysis of escrow, an extensive glossary, live links and reliable citations to CFPB Resources, just to name a few. In addition there are self-evaluation job aids, quick references for regulatory concerns, and much, much more!

What's Inside

Our new and improved CFPB Mortgage Mentor® Guide includes both origination and servicing guidance, an overview of Compliance Management Systems, as well as expectations of an examination – making the AllRegs CFPB Mortgage Mentor® Guide your COMPLETE resource to support regulatory compliance regardless of area of responsibility.

  • Welcome
  • Advisories
    • Regulatory concerns
    • Originator & Lender responsibilities
  • Overview
  • Introduction to the CFPB
    • Overview
    • Objectives
  • Compliance Management System
    • Goals of a CMS
    • Compliance Program Elements
    • Records Retention
    • Developing a CMS
  • Mortgage Origination Readiness
    • Origination Compliance
    • Processing
    • Underwriting
    • Closing
    • Quality Control
    • Self-Evaluation for Mortgage Origination
  • Mortgage Servicing – Readiness
    • Servicers and Small Servicers
    • RESPA Compliance
    • TILA Compliance
    • Additional Legislative Requirements
    • Self-Evaluation for Mortgage Servicing
  • CFPB Examinations
    • What to Expect
    • Exam Procedures and Process
    • Examination Report
    • Response and Action Plans
    • Specific Regulation Examinations
  • Resources

Benefits

An intuitive, comprehensive and extensively researched guide to CFPB requirements, this online guide is available exclusively through AllRegs. The information is organized logically, to mirror the steps in the mortgage process. Users will benefit from the following features, exclusive to AllRegs’ Mortgage Mentor® Guides:

  • Direct links to supporting federal publications and announcements inside AllRegs and externally to the Consumer Financial Protection Bureau
  • User-friendly, "how-to" format covering regulatory requirements a lender must follow
  • Information is cross-referenced and also provides single points of reference throughout
  • Exclusive worksheets and checklists designed with the novice user in mind
  • "Best practices" for lenders to use as guidance for common procedures and widely accepted standards in the industry
  • Supporting job aids and reference material
  • A liberal site license allows for registered users to simultaneously access their own virtual copy, to bookmark and annotate as they please

Target Audience:

All operations personnel including origination, processing, underwriting, closing, QC and servicing staff of the following:

  • Mortgage Lenders
  • Mortgage Brokers
  • Mortgage Bankers
  • Third-party Originators
  • Mortgage Servicers

Niche Audience:

Compliance or legal professionals

Course Description:

What if you had a complete companion resource to the CFPB Supervision and Examination Manual? Imagine a tool to take the guidance and direction offered by the regulator and translate them into a plain language interpretation of regulatory requirements associated with the mortgage process. AllRegs has taken each facet of the loan process and created an online step-by-step guide through the life of loan cycle, complete with supplemental resources, charts, worksheets, and checklists, all at your fingertips. The beauty is the entire Mortgage Mentor® Guide available online in a searchable online format. Take it from us; researching CFPB guidance has never been easier!