MBA to launch new web course on qualified mortgage rule to help ensure that mortgage originators, underwriters, processors and closers understand and properly comply with law

WASHINGTON , May 12, 2014 (press release) – Today, the Mortgage Bankers Association’s Education department (MBA Education) introduced a new “Ability to Repay and Qualified Mortgage Rule” web course. Participants who pass the exam earn a certificate of completion demonstrating their knowledge of the so-called ATR/QM rule.

“The Consumer Financial Protection Bureau is stepping up pressure on mortgage originators, underwriters, processors, and closers to understand and comply with the new Ability to Repay and Qualified Mortgage rule,” said Jeff Schummer, Vice President of Education at MBA. “It is of the utmost importance that your staff is trained, compliant and – mostly importantly – ready to operate in this new environment. Our ATR/QM web course is the most economical and accessible way to provide training on this massive new rule.”

MBA Member pricing has been set at $119 per individual, with significant savings available on group sales. For more information, visit MBA Education’s Compliance page here.

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The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation's residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,200 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field. For additional information, visit MBA's Web site: www.mba.org.

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