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The Effect of NCUA’s New Fair Lending Exam Procedures on Underwriting, Servicing & Collections

Date: August 22, 2013

Time: 3:00pm - 4:30pm

Location: Webinar


On March 19th, the NCUA issued guidance for federal credit unions (13-FCU-02) and a new 55-page Fair Lending Guide, which address exam procedures.  Will you need to make changes in your credit union’s underwriting, servicing, and collection procedures?  There are 50 checklist questions in the new guide that could impact these areas.  Do you know how to answer the 10 most important questions?  What are the chances your credit union will be examined under these guidelines?

Join us to learn the most current fair lending “red flags” and “hot buttons” as highlights of the new NCUA guide from the CFBP are reviewed.  The 50 checklist questions related to underwriting, servicing, and collections will be addressed and you will understand how to effectively make any required changes to your policies and procedures.  This session will help you to prepare for an NCUA fair lending exam.

Continuing Education: Attendance verification for CE credits upon request


    • Will the Dodd-Frank Act change how your credit union makes and documentslending decisions?
    • Do your underwriting criteria need to be changed?
    • Fundamentals of fair lending, including best practices for inquiries, loan interviews, application processing, and documenting denials
    • What you should know about the new NCUA Fair Lending Guide
    • Will you need to make changes in how loans are serviced or collected?
    • What do you need to know about underwriting “qualified mortgages?”  What about the new home ownership counseling requirements?
    • How an effective internal fair-lending review can detect problems before NCUA examiners arrive

    • Fair-lending risk-assessment template that will help your FCU determine the quantity and quality of fair-lending risk
    • Checklists for preventing common lending-compliance mistakes in Regulation B technical compliance including an Adverse Action Guide
    • Analysis of the NCUA checklists for Reg B, fair housing, and HMDA
      • Suggested best practices to prove compliance and reduce fair-lending risk, especially in underwriting, servicing, and collections
    • Electronic training log
    • Quiz you can administer to measure staff learning and a separate answer key

    This informative session is designed for federal credit union compliance officers, underwriters, auditors, loan administration staff, and servicing and collection employees.