Compliance Resource training manuals are designed to be used when conducting in-house training, whether initial training upon implementation of the new requirement, periodic training for new team members or remedial training for longer-term team members.
On August 4, 2016 the Consumer Financial Protection Bureau (CFPB) published revisions to the Dodd-Frank rules for servicers known as the 2016 Mortgage Servicing Rules. Those rules were originally effective on January 10, 2014. Most of the provisions of the final rule will take effect on October 19, 2017. The provisions relating to successors in interest and the provisions relating to periodic statements for borrowers in bankruptcy will take effect on April 19, 2018.
The 2016 Mortgage Servicing Amendments Training Manual includes pertinent information to get you up to date on the amendments.
Compliance Resource also offers a comprehensive 2016 Mortgage Servicing Amendments compliance management system (CMS) which includes this manual and other products on this topic at a reduced price.