Available on Demand
Duration: 90 Minutes
This time next year the nation’s first set of federal mortgage servicing standards governing how companies must treat borrowers will go into effect. The CFPB’s new mortgage servicing rules, contained in RESPA and TILA are complicated and raise numerous operational challenges.
This 90 minute web seminar will tap into the expertise of those in the trenches on these new rules, specifically focusing on the nine major topics and their impact on:
- Operational changes to policies and procedures on core servicing functions, staff oversight and vendor management to comply with the new “command and control” rule based requirements
- Responding to a borrowers assertion of an error, request for information or QWR
- Allowable servicing fees
- Communication with delinquent borrowers about loss mitigation options
- Dual-tracking of loss mitigation and foreclosure
- System changes to implement new periodic monthly statements, ARM disclosures, force place insurance disclosures, to name a few
- How servicers obtain and maintain servicing records
- HELOCs, reverse loans, existing state law requirements and small servicers
- Existing requirements impacting escrows, application of payments and payoff statements
Host: Mark Fogarty, Editor, National Mortgage News
Mark Fogarty is editorial director of the Mortgage Group for SourceMedia. He has been associated with the mortgage publications, which include National Mortgage News, Origination News, Mortgage Servicing News, Mortgage Technology, and related websites, since 1984.
Antonio Chimienti, Esq., Senior Vice President, Compliance, Bayview Loan Servicing, LLC
Mr. Chimienti oversees the day-to-day compliance matters for Bayview Loan Servicing, LLC. He is responsible for regulatory compliance for Bayview, including monitoring company policies for compliance with federal, state and local servicing and privacy regulations and responses to regulatory audits. Mr. Chimienti received a Bachelor of Arts degree from Columbia College and a Juris Doctor from the Columbia University of School of Law and is a member of the California and Florida Bars.
Kerri Smith, Associate, K&L Gates
Ms. Smith concentrates her practice on federal and state regulatory compliance matters affecting consumer financial service providers. Her practice includes advising clients on compliance with federal and state laws governing the licensing and practices of financial institutions, including mortgage lenders, money service businesses, prepaid card issuers, mobile banking service providers, consumer finance companies, loan servicers, and loan originators.
Nanci Weissgold, Partner, K&L Gates
Ms. Weissgold’s national practice concentrates on mortgage banking and other consumer products, focusing on state and federal regulatory compliance matters in both the primary and secondary markets.
Who Should Attend: