Auditing for SAFE Act Compliance
Original Broadcast Date: Wednesday, December 7, 2011
The on-demand link expiration date has been extended to December 31, 2012.
Are you prepared for SAFE Act compliance?
The regulators set July 29, 2012, as the deadline for your SAFE Act annual, independent compliance test. Will your credit union be ready? The December 7, 2011, webinar “Auditing for SAFE Act Compliance” has all the requirements, guidelines, and tools that will simplify meeting this compliance test.
Live Webinar- $200
The LIVE WEBINAR option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered. You may have as many people as you like listen from your office speaker phone. Registrants receive a toll-free number and pass code that will allow entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials, including instructions, pin number, and handouts will be emailed to you prior to the broadcast. You will need the most current version of Adobe Reader available free at www.adobe.com.
On Demand Web Link & CD- $200
Can’t attend the live webinar? The ON-DEMAND WEB LINK is a recording of the live event including audio, visuals, and handouts. We even provide the presenter’s email address so you may ask follow-up questions. Approximately 1 week prior to the webinar, you will receive an email with the web link. This web link can be viewed anytime 24/7, beginning 6 business days AFTER the webinar and will expire 6 months after the live program date. But there's more . . . AS AN ADDED BONUS, you will also receive a FREE audio/visual CD ROM.* The CD ROM includes the original audio/visual presentation, the question and answer sessions, and the handouts. Use the on-demand link or this “off-the-shelf” training program for those that could not attend the live seminar and for future training.
Live Webinar & On-Demand Web Link (INCLUDES FREE CD-ROM)- $250
Includes options 1 and 2 above
Special Registatrion Option for member credit unions under $20 million:
On-demand link only (does not include CD or live webinar)- $169
*To register for this webinar, CLICK HERE
Who Should Attend:
This informative session is designed for compliance officers and auditors and would be a good review for those in the lending department.
About This Webinar:
The first step for complying with the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) was to “adopt and follow written policies and procedures designed to assure compliance with the registration requirements.” Then came your Action Plan, which identified Mortgage Loan Originators (MLOs), implemented fingerprinting, background checks, and documented other required information on each MLO for the Registry.
Hopefully, the dust has settled from the initial SAFE Act compliance requirements. But before the examiners arrive, it would be best to conduct an audit to implement corrective action on anything that might have been missed. This session will address all the specific requirements and provide a request memo for the audit, checklists to utilize, and a report format to make the audit – and examiner scrutiny – a breeze!
Audit tools will include:
- SAFE Act policy checklist to ensure your policy is comprehensive
- Checklist to review the required documentation to be retained (e.g., background checks, loan officer Authorization and Attestation forms, registry confirmations, training, etc.)
- Testing for annual requirements for updating loan officer information on the registry
- How to test the Registry’s site for accurate information on your lenders
- Sample audit report format
PLEASE NOTE: Your registration fee allows you to have one telephone connection. However, as many people as you like may listen from your office speaker phone. If you register for the webinar, your registration fee also includes one internet connection from a single computer terminal.
For more information, please contact Carrie Buchholz at:
(P) 405.702.8622 ext. 215
Ann Brode began her career in 1973 and has continued her service as a consultant to regional and community financial institutions through a wide range of areas including strategic planning, lending, deposits, marketing, training, compliance, and management. Ann is a well-respected presenter and has spoken to audiences across the country for over 25 years. She has presented sessions for numerous state associations and has taught at the School of Banking Administration at the University of Wisconsin as well as many other state banking schools. Ann is the author of The Bank Deposit Documentation Manual for Front-Line Personnel, published by Bankers Publishing Company, and is well represented in numerous industry publications. |