Copy
View this email in your browser 
This contains important update information regarding products you have purchased

04/29/2015 - Employee Training Policy Update

The New Day Financial story (read the analysis here) which broke several weeks ago suggested that the industry needs to state some obvious things, like "you must take your own training" and "taking training for someone else, or letting someone else take your training, is fraud. Such activity is subject to disciplinary action, including termination."

In addition, several New York State Banking Department licensed lenders were asked to provide a summary of their employee training and compliance monitoring policy.  This update also addresses that need. 
 

Employee Training Policy Sample


The sample policy is not a stand-alone training policy, because the complete training contents, timing and procedure for administering it varies based on position and function. So this policy highlights all of the elements that should be contained within your own training program. For instance within originator policies and procedures, there is a comprehensive SAFE Act Training policy. Within Compliance, there are various Federal Compliance Training Requirements. Within the Quality Control Plan, there is training on Fraud and Anti-Money-Laundering. And so on.

Download the policy here, and insert it in your Compliance Module under Employment, Hiring and Training.  

As a customer, you are entitled to receive these updates, but we get a lot of questions from people who don't get the e-mails. You will drop off the e-mail list if 1.) your e-mail bounces, 2.) if you provide a non-company e-mail address in favor of a webmail provider (such as google, yahoo, aol, etc - we'll scrub you from the list after 1 or two mailings; the reason - too many spam reports even though we know you signed up to get the e-mails.) Sometimes you didn't sign up correctly.  

There are a number of ways to make sure you continue to be notified of changes, as well as participate in the larger compliance and management discussion:

1.) Subscribe to the MortgageNewsDigest.com
2.) FOLLOW us on our LinkedIn Page where we post a lot of discussions on compliance and management discussions
3.) FOLLOW me on LinkedIn and receive updates
4.) Follow the QuickStart Mortgage Manuals Facebook Page
5.) Follow the Twitter Feed

If you follow us, we'll follow you, and that's good for all of us!

Of course, you can bookmark the mortgagemanuals.com updates and downloads page and browse for major updates updates here. If you have forgotten your page level password, please 
e-mail me

Regards,


Thomas Morgan

 
We are seeing a lot of demand for new loan officer training. This is the 2014 version of our product.  2015 edition with TRID material is coming in July. YES! We offer product knowledge and NON-NMLS training for all employees. 
MortgageManuals.com
Mortgage Management Systems
1 Research Court, Suite 450
Rockville, MD  20850
(877) 918-7246 (91-TRAIN)
(888) 209-7916 fax
 
Share
Tweet
Forward
Copyright © 2015 MortgageManuals.com, All rights reserved.


unsubscribe from this list    update subscription preferences 

Email Marketing Powered by Mailchimp