18001 Collins Avenue
Sunny Isles Beach, FL 33160
Tel: (888) 851-9423
Track: Track A
Thursday, November 29, 2012
Its no secret that the changing market landscape has created new opportunities and threats for mortgage bankers. No more so than the changing economics around mortgage servicing rights. With many large aggregators no longer buying servicing, whats the independent mortgage banker to do? How does this impact best execution? Whats the right strategy? How will these factors change the operating model? And what do IT professionals need to consider for making this strategy a success?
Hear from a panel of multi-disciplinary leaders from the industry lenders, technologists, servicers, and consultants as they discuss the pros of a servicing retention strategy and the pitfalls lenders face in a world without mega-aggregators.
To be sure we do not repeat some of the same mistakes that caused one of the largest mortgage meltdowns in history, government regulatory agencies like the FHFA have mandated major Loan Quality initiatives for lenders to implement to ensure we do not go down that road again. This session will outline the new technologies available to augment an Underwriter's and/or Auditor's review of a mortgage loan file and some of the major loan quality initiatives that other companies are supporting to enforce a better loan quality process and outcome.
Regulatory attention on improved mortgage servicing means mortgage lenders must establish and implement best practices when dealing with third party vendors. Due diligence in selecting vendors, proper contract structuring, and continuous oversight are part-and-parcel of a best practices approach.
This session will:
1. Review regulatory guidance on managing third party relationship risksfocusing on best practices developed by the OCC, Fed, FDIC, OTS, and the CFPB, and
2. Identify key technology issues relevant to the initial and ongoing due diligence, contract structuring, and oversight of third-party providers.
While e-mortgages are still a small percentage of overall mortgage volume, theres a steady flow of e-note originations and hundreds of thousands of e-notes being serviced. Hear from e-mortgage experts about the state of e-note originations, metrics about e-note performance and perspective on the state of e-mortgage acceptance in the secondary market and servicing sectors.