RESPA REFORM SEMINAR SERIES

“FINAL” RULE IMPLEMENTATION: NEW DANGERS, CHALLENGES AND OPPORTUNITIES

IT’S NOT TOO LATE TO PREPARE!

RESPA Reform is upon us! HUD’s “Final Rule” has been in mandatory effect since January 1, 2010. After over four months of what can only be described as chaotic implementation, it is a good time to review the challenges faced by settlement agents since January 1 as well as review lenders’ varying interpretations of the final rule and their resulting demands on settlement agents. New material The sessions will focus on the challenges, dangers and opportunities encountered in implementing the Final Rule. We will review the purpose of the Final Rule, the new Good Faith Estimate and its relationship to the new HUD-1 Settlement Statement. We will also deal with particular and peculiar lender requirements and how to accommodate them within Landtech. Who should attend? Anyone who routinely prepares, reviews or presents the HUD-1 Settlement Statement and anyone who must deal with loan originators, loan processors and those charged with the responsibility to interpret lenders’ closing instructions. The seminar is intended for escrow officers, settlement processors and their supervisors and managers. This seminar will address issues of final rule implementation as well as review the final rule and the reasons for implementation difficulties. The dates and locations of Landtech Support Systems’ seminars scheduled to date are: Date City, State Location June 15, 2010 Huntsville, AL Holiday Inn Huntsville West I-565 June 16, 2010 Birmingham, AL Hilton Garden Inn-Lakeshore June 23, 2010 New Orleans, LA Crowne Plaza New Orleans Airport July 13, 2010 Little Rock, AR To Be Determined July 14, 2010 Memphis, TN To Be Determined July 15, 2010 Jackson, MS To Be Determined July 20, 2010 Denver, CO To Be Determined July 28, 2010 Tampa, FL Intercontinental Tampa The sessions will convene at 9:00 am local time, break 1 hour for lunch at about noon and adjourn by 4:30pm. Continental breakfast and afternoon refreshments will be provided.

Landtech Support Systems

RESPA REFORM 2.0 FINAL RULE IMPLEMENTATION: DANGERS, CHALLENGES AND OPPORTUNITIES

IT’S NOT TOO LATE TO PREPARE!

Seminar Program Overview Introduction How is the average settlement agent coping since January 1, 2010?

Has it been RESPA REFORM or RESPA REFORM ?

Causes for implementation problems What was HUD’s role? What was the mortgage lending industry’s role? What was the settlement agent’s role?

Review of the Final Rule, HUD’s New RESPA Rule FAQ’s, the new GFE and HUD-1 Settlement Statement Professional Settlement Agent or Typing service, which are you? Major Areas of Concern and Confusion and how to handle them Line 801 of the HUD-1 Settlement Statement

Line 1101 of the HUD-1 Settlement Statement Disclosing Tolerance Violations Curing Tolerance Violations Seller reimbursement of Buyer charges To itemize or not to itemize Moving items from the “10% tolerance bucket” to the “unlimited bucket” Dealing with weird and unusual lender requirements Dealing with obstinate loan processors Making HUD page 3 “match” the lender’s page 3 Review real life examples of problem areas and how to deal with them

Update on “identified service providers” list and recommendations for being “on the list” or not to be “on the list. Practical application of varying Lender requirements and demands within Landtech. Review of participants’ practical questions and examples.

Registration is now open for all seminars scheduled through ____________ _________________. To register, please complete the form below and fax it back to 985-641-6393 or e-mail it to Stephanie@landtechsystems.com Per person registration fees, including the seminar, course materials, continental breakfast and afternoon refreshments are $225.00 and payable via check or credit card. Lunch is not included. Seating at each seminar is limited so early registration is encouraged. Use multiple registration forms if needed.

Landtech Support Systems RESPA REFORM 2.0 FINAL RULE IMPLEMENTATION:

DANGERS, CHALLENGES AND OPPORTUNITIES IT’S NOT TOO LATE TO PREPARE!

Registration Form

(Please use separate form for each person registering)

Name: __________________________________ ____________________

Company: ____________________________________________________

E-mail address: _______________________________________________

Choose date and location:

”X” Date City, State Location

_ June 15, 2010 Huntsville, AL Holiday Inn Huntsville West I-565

_ June 16, 2010 Birmingham, AL Hilton Garden Inn-Lakeshore

_ June 23, 2010 New Orleans, LA Crowne Plaza New Orleans Airport

_ July 13, 2010 Little Rock, AR To Be Determined

_ July 14, 2010 Memphis, TN To Be Determined

_ July 15, 2010 Jackson, MS To Be Determined

_ July 20, 2010 Denver, CO To Be Determined

_ July 28, 2010 Tampa, FL Intercontinental Tampa

Credit card info: (your credit card will not be charged until after the seminar)

____ Visa ____ MasterCard ____ Amex

Account Number:_________________________________________________

Name on Card: __________________________________________________

Billing Address: __________________________________________________

Exp. Date _____________ Security Code: ______________

Amount to charge: $ __________ ($225.00 per person)

Signature:______________________________________________________ Checks can be mailed to: Landtech Support Systems, PO Box 905, Slidell, LA 70459