MBA Compliance Essentials CFPB Mortgage Servicing Rules Resource Guide Available

MBA Education and MBA Compliance Essentials announce availability of its updated CFPB Mortgage Servicing Rules Resource Guide, updated through August.

Building upon its 2013 Servicing Rules, the Consumer Financial Protection Bureau released additional servicing requirements in 2016. This volume addresses content of the 2016 Servicing Rules now in force, as well as other rules relating to mortgage loan servicing. This volume addresses Accelerated Loans, Successors in Interest, Bankruptcy, Loss Mitigation Requirements, and Notice Timing Requirements, among others. It also provides helpful Compliance Checklists to assure a compliant and productive servicing function.

The MBA Compliance Essentials CFPB’s Mortgage Servicing Rules Resource Guide is written to provide a base for development of your company’s policies and procedures in this area.

Developed by:
–Nanci Weissgold, Partner, Alston & Bird LLP
–Morey Barnes Yost, Senior Associate, Alston & Bird LLP
–Kendall Stensvad, Associate, Alston & Bird LLP

Chapters include:
–Introductory & Statutory Background
–Applicability Chart
–Policies and Checklists for:
–Closed-End Servicing Disclosures
–Payment Crediting and Payoff Statement
–Servicing Transfer
–Force-Placed Insurance
–Error Resolution, Information Request, and QWR Policy
–Early Intervention
–Continuity of Contact
–Loss Mitigation
–Investor Reporting
–Recordkeeping
–Successor in Interest

MBA Compliance Essentials guides are available in electronic format only.

To order, click https://store.mortgagebankers.org/ProductDetail.aspx?product_code=DL2-009971-WC-W.

For more information, click https://www.mba.org/store/products/publications-and-guides/ce-cfpbs-mortgage-servicing-rules-resource-guide.