Welcome to the Compliance Cohort. We are a group of compliance professionals working to make compliance easier. Our goal is to take complex compliance concepts and put them in simple terms that apply to the real world. We are glad you have found us and look forward to collaborating in the future.
If you haven't done so already, make sure you sign up for our free membership where you get access to many member-only videos, articles, and other resources.
Fair lending violations can result in serious consequences. Whether the consequence is a referral to the Department of Justice, a monetary fine, or an exam violation, fair lending should be considered a high-risk area for any lender.
We believe that fair lending is, and will continue to be, not only one of the highest-risk regulations, but also one of the most complex rules for lenders to comply with. Simple mistakes can get your organization into big trouble, so it is important to understand the nuances of fair lending requirements.
Our Fair Lending for Lenders is designed to provide lenders with critical fair lending information pertaining to their role. Taught by a former lender and processor, the program starts out with an introduction to fair lending where attendees get an overview of fair lending, Reg B, and the Fair Housing Act. The three types of discrimination recognized by the courts and potential consequences are also discussed. After this, attendees dive into Regulation B taking a look at discrimination prohibitions and applying how that looks from the process from taking information, evaluating applications, and then to the extension of credit. The program then concludes with a review of fair lending risk indicators in overt evidence, underwriting, pricing, and steering (See below for the full curriculum of what is covered in the Fair Lending for Lenders.)
Fair Lending for Lenders can be completed in under two hours and is taught from a perspective for loan officers, processors, and other loan staff. The instructor takes attendees through fair lending information that is critical to their role in the lending process keeping their busy schedule in mind. Among other things, our instructor goes through a list of fair lending risk indicators to help attendees understand what practices could be a problem in their organizations, provides a number of fair lending examples, offers tips to reduce fair lending risk, and even provides a bit of fun to an often-times boring topic.
This program is a great way to provide comprehensive fair lending training to your lending team in less than two hours and without boring them to death. Plus, we make delivering this training to your team easy with two options:
You can download all 3 videos and disburse them in a way that works for you; or
We can set you up with a private page on our website for all of your lenders to access and view the program.
Those who purchase the program will be given instructions on these two options and how to deliver the program to their team.
And, if you are wondering how you can prove to your examiners that each lender took the training, we have you covered. Our optional quiz (and answer key) are available for you to track both attendance and comprehension of your lending team as they complete their training.
While we present this program in a way that those new to fair lending can easily follow along, seasoned lenders and experienced compliance professionals would also benefit from the Fair Lending for lenders discussion in fair lending as we provide plenty of examples and review many somewhat complex topics that could affect every organization. Specifically, this program would be beneficial for lenders, loan managers, loan processors, underwriters, corporate trainers, mortgage company lenders, and those responsible for any areas where fair lending violations could occur - which is almost anywhere.
Please contact us for pricing if you have more than 50 branches/offices.
NOTE: If you would like to demo this class before you purchase it to make sure it's what you are looking for, just let us know and we can work something out.
Adam Witmer is Founder and CEO of Compliance Cohort, LLC where he writes articles and teaches on all compliance topics. Having taught hundreds of times to thousands of bankers throughout the country, Adam takes a three part approach to compliance instruction: to educate, to empower, and to entertain. This is achieved by focusing on relevant topics, speaking in simple to understand, layman's terms, and by keeping it light and humorous whenever possible. Adam has found that this "3-E" approach allow students to learn as quickly and effectively as possible. And, it adds a little bit of fun to an otherwise dreadful topic. A Certified Regulatory Compliance Manager (CRCM) through the American Bankers Association, Adam earned his bachelor's degree at Taylor University and his MBA at Indiana Tech. He currently resides in Northern Indiana with his wife and three children - and their dog, Queso.
The class is presented in 3 different videos and provides lenders with role pertinent information about Fair Lending. The total time of video instruction in this program is 1 hours and 42 minutes.
Fair Lending for Lenders includes a comprehensive training manual which can be used as a reference tool long after attending the program.
Introduction to Fair Lending
Overview of fair lending
Overview of Reg B
Overview of Fair Housing Act
The 3 types of Discrimination
Potential Consequences
Regulation B
Overview of Regulation B
Discrimination Prohibition
Requesting Information
Evaluating Applications
Extending Credit
Fair Lending Risk Indicators in:
Overt Evidence
Underwriting
Pricing
Steering
NOTE: For an even more comprehensive program on fair lending, be sure to check out our Fair Lending Bootcamp here.
As this training is designed for all of your lenders, of which the number of lenders trained will vary from one financial institution to another, we have priced this program in tiers based on the number of branches you have:
1-5 Branches/Offices: $449
6-15 Branches/Offices: $599
16+ Branches/Offices: $749
Please contact us for pricing if you have more than 50 branches/offices.
This Compliance Class provides you with a deep dive into the fair lending requirements for financial institutions.
The class includes the following:
A comprehensive manual
An optional quiz (and answer key) to track both attendance and comprehension
3 “virtual classroom” instructional videos
You can deliver this to your lenders in one of two ways:
Download the videos and deliver it how you want; or
Use an online portal on our site (contact us to set this up)
60-day access to the class
The manual can be downloaded
The training videos can be downloaded
All of our Compliance Classes are presented in our virtual classroom approach. This approach is designed to bring the presenter to you (at a fraction of the cost of having a live person) and includes a video of the presenter in front of a slide presentation that replicates a typical seminar environment. In addition, our presenters take a three-part approach to compliance instruction: to educate, to empower, and to entertain. This is achieved by focusing on relevant topics, speaking in simple to understand, layman's terms, and by keeping it light and humorous whenever possible. We have found that this "3-E" approach allow students to learn as quickly and effectively as possible. And, it adds a little bit of fun to an otherwise dreadful topic.
When you purchase this compliance class, you get instant access to the online version of this class for 60 days. You will also receive an electronic version of the accompanying manual to keep.
We believe in our training products so much that we are offering a 100% money back guarantee within the first 10 business days after purchase. If you do not feel that you received the value promised for this training session, contact us within the first 10 business days after purchase and we will either make things right or provide 100% of the purchase price back to you.
