A significant portion of the CFPB’s recent amendments to the 2013 Mortgage Servicing Rules focuses on the protections afforded to individuals that acquire a legal interest in the home, known as “successors in interest.” Join us on August 25 for Part 2 of our CFPB Mortgage Servicing Amendments webinar series to learn about the new rules and requirements in this area.
The 2nd webinar in the series will provide an in-depth look at all of the CFPB’s clarifications, revisions, and amendments related to successors in interest. Our presentation will explain and analyze the three main components of the CFPB’s successor in interest amendments:
- Definition of a “successor in interest”
- Successor in interest confirmation process
- Protections afforded to confirmed successors in interest
We will also discuss the additional requirements imposed by these rules along with emerging areas of concern you will face as you implement the updates:
- Required policies and procedures
- Requirements specific to potential successors in interest
- Privacy considerations
Throughout the discussion we will provide practical implementation tips based upon prior experience in this area.
Interested in learning about the new requirements specific to successors in interest? Wondering how these new rules will impact your business? Join us on August 25 and we'll tell you "What You Need to Know."
Tuesday, September 20: What You Need to Know: Bankruptcy
Thursday, October 6: What You Need to Know: Loss Mitigation