Westin Galleria Dallas
13340 Dallas Parkway
Dallas, TX 75240
Forward this Session
Forward this Session
Mortgage servicing is under the more scrutiny today than at any time in the history of the mortgage industry. The national servicing settlement (National Mortgage Settlement) not only applies to the five large bank servicers, but also, via contract, to their vendors, including their sub-servicers. Even prior to the National Mortgage Settlement, more and more requirements were being placed upon servicers due to HAMP and GSE servicing requirements changes.
In addition, the Dodd-Frank Act made numerous changes to mortgage servicing requirements and required the Consumer Financial Protection Bureau (CFPB) to implement changes to mortgage servicing requirements under TILA and RESPA. Those rule changes will be effective in early 2013 and most likely will have mandatory compliance deadlines looming in 2013 or early 2014.
Attendees of this workshop will receive an overview and updates on the National Mortgage Settlement, consent orders and HAMP and GSE requirements, as well as a detailed review of the proposed CFPB regulations for mortgage servicing.More specifically, the workshop will cover updates to existing servicing requirements as well as an update on CFPB activity in the mortgage servicing arena so that attendees can understand three important things:
- how the National Mortgage Settlement affects your organization;
- what they must do from a risk management, business and workflow standpoint to help ensure they are in compliance with current HAMP and GSE servicer requirements; and
- how they can effectively prepare for the new CFPB mortgage servicing regulations.
The ultimate objective of this workshop is for attendees to leave with the practical information required to go back to their organizations and continue the implementation of new and recent servicing standards, and prepare for implementation of new CFPB rules impacting mortgage servicers.An additional rate of $149 is applicable in order to attend. Must be a paid registered attendee to qualify.