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Preparing for Examination under the New Mortgage Servicing Rules

Recorded on November 12, 2015

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.

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