This training class will cover Federal, BSA/AML regulatory requirements applicable to the residential mortgage industry. After a brief history and explanation of AML regulations, the class will address the application of these regulations to the residential mortgage industry as contained in 31 C.F.R. §1029. Guidance and explanations given by the U.S. Treasury’s FinCEN division will also be presented. Examples of recent regulatory actions will also be reviewed.
The Anti Money Laundering Rule requires Mortgage Brokers to file reports with the US Treasury that have a high degree of usefulness in criminal, tax, or regulatory investigations including suspicious activity that may indicate mortgage fraud.
Event Sponsored by: United Wholesale Mortgage NYAMB's 2021 Diamond Double Platinum Plus Sponsor
This webinar will cover the “need to know” points regarding Investment PropertyLending that will help loan officers be more efficient, avoid mistakes and delays, all while learning from other’s missteps.
Speaker Bios: Robert Magnan & Paul Bannon | Register Now: CLICK HERE
Join us for a Live Webinar featuring legal counsel: Michael Barone, Esq. a partner, Abrams Garfinkel Margolis Bergson, LLP.
This webinar will highlight the various issues surrounding the new, redesigned URLA (Form 1003) from a mortgage broker's point of view, including the timeline for its use, significant changes to the form as well as other tips and pointers to help ease the transition. Note: Mandatory use of new form March 2021
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