Indecomm-Mortgage U, a full-service training company serving the mortgage industry, announced the development of a new suite of training tools designed to help bring lenders in compliance with the Consumer Financial Protection Bureau's (CFPB) soon to be implemented integrated mortgage disclosure rule.
With its newly launched Integrated Disclosure Training Package, the company says it hopes to save mortgage managers time and effort developing training programs for their firms to handle the operational changes and new timelines necessitated by the disclosure rule, which is set to go into effect August 1, 2015.
The package includes three comprehensive modules covering the integrated disclosure rule, the loan estimate, and the closing disclosure, each explained in simple, practical terms. It also features customization options for compliance officers and training managers, allowing them to tailor the content and easily share it with other professionals in their organization.
In addition, the learning package comes PowerPoint presentations for each of the three curriculums, notifications if content is impacted by new announcements prior to next year's August deadline, and support from Indecomm-Mortgage U's team of compliance experts.
Indecomm-Mortgage U also announced that in addition to the instructor-guided training package, the company will have the same content available in its eLearning library, with added modules designed to complement each of the three topics.
"We are especially proud of the work which Indecomm-Mortgage U has done on the TILA-RESPA training program," said Rajan Nair, CEO of financial services for Indecomm Global Services. "It puts us at the forefront of the industry, helping us partner with our customers through yet another evolution of regulations."