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5 Definitions of a Qualified Mtg under CFPB Rules Eff 1/10/14 Webinar (Archive only)
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When: Archive only
Where: In Your Credit Union
Contact: Kristina Kirchmer

Online registration is closed.
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The 5 Definitions of a Qualified Mortgage under CFPB Rules Effective January 10, 2014:
Including September 2013 Rule Changes
(Archive Only-Archive Available November 22)


In an effort to make the Dodd-Frank Qualified Mortgage "fit” in more situations, the Consumer Financial Protection Bureau has given us five definitions of a qualified mortgage.  While not all will apply to every financial institution, every institution that makes mortgage loans will use one of the five definitions – most will use more than one.  As we hurtle toward the January deadline, this webinar will assist you in considering all the options and ensure that all your mortgage loan types are compliant and ready to go. 

(Note:  This webinar will not cover other definitions of a Qualified Mortgage – such as those recently proposed by HUD for their FHA program.  Because the HUD rule will not be final by the January deadline, we will save that discussion for a later date.)


  • The five qualified mortgage definitions
  • The different requirements for each definition
  • Its impact on your financial institution
  • Last-minute preparation suggestions
  • Decisions that need to be made
    • A document that highlights each type of qualified mortgage and provides information regarding the appropriate calculations for each type
    • Employee training log
    • Quiz you can administer to measure staff learning and a separate answer key

Attendance verification for CE credits provided upon request.


Who Should Attend?
This informative session is designed for loan management personnel, especially those who are decision makers regarding the loan types your financial institution offers.  Others in the lending area will find the information useful for loan underwriting and similar functions.

ABOUT THE PRESENTER – Bill Elliott, CRCM, Young & Associates, Inc.
Bill Elliott has over 30 years of banking experience.  As a senior compliance consultant and manager of the compliance division with Young & Associates, Inc., Bill works on a variety of compliance-related issues, including leading compliance seminars, conducting compliance reviews, conducting in-house training, and writing compliance articles and training materials.

Bill’s career includes 15 years as a compliance officer and CRA officer in a large community bank, as well as working at a large regional bank.  He has experience with consumer, commercial, and mortgage loans, and has managed a variety of bank departments, including loan review, consumer/commercial loan processing, mortgage loan processing, loan administration, credit administration, collections, and commercial loan workout.

Educational Investment:

Lending Council members receive a 10% discount.

Asset Size Archive Only
Over $75 million


$25 - 75 million


Under $25 million


Cancellation Policy: Sorry, no cancellations are allowed after connecting instructions and handout materials are distributed to registrants. Substitutions are welcomed and encouraged. Available via Archive Only.