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Webinar: The 5 Definitions of a Qualified Mortgage under CFPB Rules Effective January 10, 2014: Including September 2013 Rule Changes

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.


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.


Listen to the
archived webinar on your




Instructions will be emailed with the archived webinar link.



The archived webinar is a recording that includes the audio, visuals, and handouts. We even provide the presenter’s email address so you may ask follow-up questions. You will receive an email with the archived webinar link.  This webinar link can be viewed anytime 24/7, and will expire 6 months after the original availability date.

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 archived webinar or this “off-the-shelf” program for future training.

The archived webinar (including the free CD ROM) may ONLY be ordered for 6 months following the original availability date.  Neither the link nor CD will be available after this time.

Note:  All materials are subject to copyright.  Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited.  Print materials may be copied for eligible participants only.


*CD ROM is for Mac and PC use only

This event is being conducted by CU Web Training on behalf of the Missouri Credit Union Association. Click here to register:

November 22nd, 2013 2:00 PM   through   3:30 PM
United States

Event Info


November 22nd, 2013 2:00 PM   through   3:30 PM


United States

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