According to the new amendments under RESPA, mortgage brokers and lenders
are required to use a new Good Faith Estimate (GFE) form, revised HUD-1 and
HUD-1A Settlement Statements and a revised Special Information Booklet by
January 1, 2010. The amendments also require more timely and effective
disclosures of loan terms and closing costs that consumers pay when buying
or refinancing a home. The Act affects all policies, procedures and
documents for mortgage lending.
Focus on Compliance, from Edcomm Banker's Academy, is a computer-based,
distance-learning program that can be delivered via Internet, Intranet or
CD. The program teaches banking compliance in an interactive, self-paced
format. Focus on Compliance covers: Bank Secrecy Act (BSA), Anti Money
Laundering (AML), USA PATRIOT Act, OFAC, Privacy, Reg P, Gramm-Leach-Bliley
Act, Right to Financial Privacy, Sarbanes-Oxley (SOX), Reg CC & Check 21,
Reg D, Reg E, Reg Z, Truth in Lending, FCRA, FACT Act, HMDA, CRA and Bank
Bribery, among others. The program also includes a quick reference guide to
all banking regulations, as well as a searchable library of reference
materials.
For more information about programs like this, or to find out how The
Edcomm Group Banker's Academy can customize any training program, log onto
www.bankersacademy.com or
call +1.212.631.9400.
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The Edcomm Group Banker's Academy is a 22-year-old multimedia education
and communication consulting firm specializing in the development of
creative business solutions that improve productivity, customer service and
market share - providing bottom-line results. The Edcomm Group Banker's
Academy has had the privilege of assisting many distinguished clients with
business solutions in the form of eLearning programs, classroom instruction,
multimedia production and online and print based documentation. Edcomm
Banker's Academy offers many off-the-shelf and customized courses such as
Teller Training, Compliance Training and Systems Training specifically
designed for Banks, Credit Unions and Money Services Businesses (MSBs).
The Edcomm Group Banker's Academy (www.bankersacademy.com) is
headquartered in New York City with locations and representation throughout
the world. Contact Us:
Dr. Linda Eagle
Edcomm Banker's Academy
21 Penn Plaza Suite 1010 New York, NY 10001, USA
