Preparing for Examination under the New Mortgage Servicing Rules

With David Reed

Preparing for Examination under the New Mortgage Servicing Rules

With David Reed
  • 1 Video
  • 6 PDFs
  • 2.0 hrs
Course description

ICB Credit: 2.5 CRCM

It is hard to estimate how much time your shop has spent ensuring that your operations are fully compliant with the recent wave of real estate centered regulations. Buried deep within these massive new regulations are very detailed rules touching on every aspect of your real estate loan servicing program. The new mortgage servicing rules may govern everything from the timing and content of your delinquent borrower contact to the initiation of foreclosure.

Collecting on real estate loans has always been a unique aspect of your collections process. It requires special knowledge and skills to effectively maneuver a troubled borrower toward payment, modification or foreclosure. But our world is ever more complex today. Gone are the days when our primary concern was getting a regular payment. The mixture of potentially increasing interest rates, a changing real estate market and growing state and federal regulations have made this area a constant headache and minefield for potential problems.

Is your bank ready for the next wave of examinations centered on the mortgage rules? Examiners across the regulatory spectrum have clearly indicated that this exam cycle will be more active in the mortgage servicing area. Join industry attorney and self-proclaimed “examination theorist” David Reed as he walks you through the new examination world order with wit and insight.

This session will cover:

  • Overview of Real Estate Rules that Impact Servicing
  • Understanding the Small Servicer Exemption
  • Outlining the Intersection of New Rules, State Law and Secondary Market Requirements
  • Recent Examination Guidance and Resources
  • Using Exam Findings and Avoiding Compliance Landmines

Who Should Attend:

This informative session is designed for executives, senior management staff, compliance, real estate lending, collections, internal audit, audit committee and anyone involved in real estate collections and loan servicing.d for...

Course Curriculum

Video
117:43
Preparing for Examination under the New Mortgage Servicing Rules
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Materials
Slides
CFPB RESPA Narrative Exam Procedures
CFPB TILA Narrative Exam Procedures
CFPB Mortgage Servicing Rules Applicability Chart
CFPB Small Entity Servicing Guide
Questions and Answers
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Instructor

David Reed
David Reed

Attorney, author, consultant and nationally recognized speaker, David A. Reed is a partner in the law firm of Reed and Jolly, PLLC. Through Reed and Jolly, Mr. Reed provides guidance to financial institutions concerning a variety of matters including the establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters and corporate governance. His engaging speaking style has garnered him status as a regular lecturer nationwide on topics such as regulatory compliance, consumer lending, bankruptcy and collections. He offers facilitation services and a full range of on-site training programs that can be delivered to the Board, executive team, managers or frontline staff.

A former trial attorney and Vice President and General Counsel of a regional financial institution, Mr. Reed is particularly noted as an expert in the areas of financial institution operations, bankruptcy and collections. He has been selected to train federal and state field examination staff on numerous issues including ID Theft Red Flags, S.A.F.E Act, Third Party Contract Management and Bankruptcy. He also serves as editor of several industry manuals.

Mr. Reed received his undergraduate degree from Virginia Tech in 1986 and his Juris Doctorate from George Mason University School of Law in 1989. He is a Certified Compliance Officer and resides in Fairfax, Virginia with his wife Diane and their twin daughters.