Mortgage Servicing and Sub-Servicing: Update on Regulatory Requirements and Recent CFPB Pronouncements on Supervision and Enforcement
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Mortgage Servicing and Sub-Servicing: Update on Regulatory Requirements and Recent CFPB Pronouncements on Supervision and Enforcement (MLCO63Y)
How Regulatory Changes and CFPB's Stance on Servicer Supervision and Enforcement will Impact Mortgage Servicers
The Consumer Financial Protection Bureau (CFPB) finalized new measures to ensure that homeowners and struggling borrowers get a fair treatment from the mortgage servicers. The changes also ensure that the surviving family members and others inheriting or receiving property have the same protection as the original borrower under the CFPB's mortgage servicing rules.
Join on-demand webinar by expert speaker Chrys D. Lemon, who will provide a detailed outline of CFPB's mortgage servicing rules, as recently amended. You will also learn how CFPB views compliance with the mortgage servicing rules.
Detailed outline of CFPB's mortgage servicing rules, as recently amended.
How CFPB views compliance with the mortgage servicing rules?
Review of Supervisory Highlights and CFPB's Examination Manual
Review of the basic requirements of Mortgage Servicing Rules (Regulations X and Y) - a brief refresher
Discuss how recent amendments by CFPB have changed the Mortgage Servicing Rules regarding force-placed insurance notices, mortgage servicing policies and procedures, early intervention, loss mitigation requirements, prompt crediting and periodic statement requirements
Examine recent CFPB Supervisory Highlights on mortgage servicing
Take a look at CFPB's Enforcement Manual on mortgage servicing
Review special rules for small servicers
Who Should Attend
Anyone involved in servicing consumer mortgages, including compliance managers and legal counsel.
Chrys Lemon is a partner in McIntyre & Lemon, PLLC, in Washington, D.C. He specializes in financial services law, particularly related to marketing of consumer financial products and services, privacy law, insurance law, and regulation of financial institutions by the Consumer Financial Protecti...
Disclaimer: The content herein does not represent any association between CFPB and Eli Financial LLC. CFPB neither endorses any product of Eli Financial LLC nor warrants accuracy of the content hereto.