National Association of Industrial Bankers (NAIB) and Utah Association of Financial Services (UAFS) – 2022 Convention
On August 11, 2022 Tracey Levandoski, CRCM was a speaker at the National Association of Industrial Bankers (NAIB) and Utah Association of Financial Services (UAFS) convention in Park City, UT. Her presentation focused on Third-Party Relationships and include the following topics: Highlights of FIL-44-2008: Guidance for Managing Third-Party Risk, Summary of FIL-50-2021: Proposed Interagency Guidance on Third-Party Relationships: Risk Management, Fourth Party Management, and Preparing for the Proposed Guidance.
Mortgage Bankers Association (MBA) – 2022 Effective Internal Audit Function – Beyond the Basics Webinar
On July 11, 2022 CrossCheck Compliance experts Heidi Wier, Managing Director, Sara McGinnis, Director and Wendy McMillan, Manager, presented the second part of the Effective Internal Audit Function webinar series for the Mortgage Bankers Association. Julie Humphrey, EVP, Internal Audit, Fay Servicing, was also a presenter and provided the lender perspective. Building on themes in part one, in part two, Beyond the Basics, we discussed how effective internal audit programs evolve over time. What does it mean to have an effective internal audit function including corporate governance? How should the risk assessment process work and how does it impact the audit plan? What are the challenges of implementing an audit function? These are just some of the common questions facing mortgage bankers. Participants learned about practical, sustainable internal audit programs from experts who possess industry recognized internal audit credentials and a lender faced with these same questions.
Watch Out: TRID Errors – Eight Common TILA-RESPA Integrated Disclosure Errors
In this article, Jim Treacy explores the eight common TILA-RESPA Integrated Disclosure (TRID) Errors. These errors can increase the potential for fee tolerance violations so you will want to be sure not to make any or these errors. Loan origination systems can assist in identifying many TRID-related violations, but it is not foolproof. Policies and procedures, training and monitoring can all help decrease the number of exceptions. Learn more in this informative article.
CrossCheck Compliance LLC Added to DBRS Morningstar List
CrossCheck Compliance LLC announced that the firm has been reviewed by DBRS Morningstar and added to their list of acceptable third-party due-diligence firms for DBRS Morningstar-rated residential mortgage-backed security (RMBS) transactions.
How to Conduct an Internal Compliance Investigation
In the May/June 2022 issue of ABA Bank Compliance Magazine, Liza Warner authored an article entitled: How to Conduct An Internal Compliance Investigation. A timely and methodical investigation will provide information that may help limit the institution’s regulatory and legal exposure. In the article, Liza addresses the Compliance Management System and your investigation process, considerations for an internal compliance investigation, and how to conduct a compliance investigation.
Central Florida Compliance Association (CFCA) – 2022 Fair Lending Risks Webinar
On June 9, 2022 Liza Warner presented a webinar for the CFCA on Fair Lending Risks in Originations, Servicing & Small Business.
Mortgage Bankers Association (MBA) – 2022 Effective Internal Audit Function Webinar
On June 8th, 2022 Heidi Wier and Jim Treacy presented a webinar for the MBA. This webinar was part one of a two part series. The first webinar focused on the fundamentals of an effective internal audit function. The presenters explored the best practices for structuring an internal audit function as well as how to develop and implement a risk-based internal audit plan. Part Two, Beyond the Basics, will be presented on July 11. MBA webinars are complimentary to MBA members.
Oklahoma Bankers Association (OBA) – 2022 Annual Convention
On May 19, 2022 Daniel Johnson presented Trends in Fair Lending for the Oklahoma Bankers Association’s 2022 Convention. This session highlighted the key actions and activities important for each bank to have in place to ensure its teams are treating customers fairly and equitably. Daniel discussed key controls and monitoring over indirect automotive lending, mortgage servicing and small business lending.
Chicagoland Compliance Association (CCA) – 2022 Fair and Responsible Lending and Fair Servicing Panel
On Friday May 6, 2022 Liza Warner was a presenter on the Fair and Responsible Lending and Fair Servicing Panel for the Chicagoland Compliance Association. This was a hybrid event with both in-person and virtual access. Fair lending encompasses the entire lending cycle including servicing. Liza discussed servicing activities that financial entities should be addressing within their fair lending compliance management program.
ABA 31st Edition of the Reference Guide to Regulatory Compliance
Do you know what’s current in compliance? The American Bankers Association’s (ABA’s) Reference Guide to Regulatory Compliance is an ideal resource for compliance professionals and those preparing for the Certified Regulatory Compliance (CRCM) exam. Our team of compliance experts worked closely with the ABA on updates to the 31st edition which include: Advisories on Predatory […]
Florida Bankers Association (FBA) – 35th Annual Consumer Compliance Seminar
Sara McGinnis spoke at the 35th Annual Florida Bankers Association’s Consumer Compliance Seminar which ran from April 13 – April 15, 2022 in Orlando, Florida. Sara’s topic for the General Session on Friday, April 15 was “Beyond the Basics – Meeting Board and Regulatory Expectations for all Types of Audits”. FBA applied for 20 CRCM credits for the seminar. CrossCheck was also an exhibitor at this event.
Wisconsin Mortgage Bankers Association (WMBA) – 2022 Mortgage Bootcamp
On April 7, 2022, Heidi Wier spoke at the Fourth Annual WMBA Mortgage Bootcamp. She gave an overview of the mortgage regulations you need to know as a mortgage lender and the regulator impact on the lending environment.
California Mortgage Bankers Association (California MBA) – 2022 Avoid Fair Lending Pitfalls Webinar
On March 24th, 2022 Daniel Johnson participated in a California MBA Mortgage Quality and Compliance Committee fair lending webinar. The webinar covered pricing exceptions, underwriting exceptions, and marketing. Along with Daniel, the speakers also included Marty Allred, Chief Compliance Officer, American Pacific Mortgage, and Paula Leber, VP of Compliance and Licensing, CMG Financial. The three panelists had an interactive discussion which provided practical guidance on these important topics. The recorded webinar is available on the California MBA’s YouTube channel. https://www.youtube.com/watch?v=ufbBaPon-Hk
Highly Successful Compliance Officers – Going Beyond the Regulations
In the January/February issue of ABA Bank Compliance, Jim Jorgensen explores the skills that highly successful compliance officers (COs) need to develop. To address this issue, Jim spoke with several COs from community banks to large regional banks. They shared their insights about what skills they feel are most valuable for their roles and how they acquired and developed them.
Illinois Bankers Association (IBA) – 2021 Bank Counsel Conference
The Illinois Bankers Association (IBA) held its Bank Counsel Conference on December 3, 2021 in Chicago. Monika McCarthy and Justin C. Steffen, Esq., Partner, Barack Ferrazzano Financial Institutions Group co-presented a session entitled The Future of Digital Mortgages. They addressed how to choose the right partners with the right contractual provisions, balancing considerations such as data security, reputational risks, industry and compliance expertise, integration, and adaptability.
Bank Counsel Roundtable – 2021 Fair Lending Webinar
On November 30th, 2021 Heidi Wier participated with Joseph T. Lynyak III, Partner, Dorsey & Whitney LLP, in the Bank Counsel Roundtable webinar – Fair Lending Under the Biden Administration: A Reboot or Something Different? The speakers reviewed important components of a fair lending program, including recommended approaches to review an institution’s fair lending policies and procedures, aw well as recent legal developments.
Texas Mortgage Bankers Association (TMBA) – 2021 Mortgage Symposium
The Texas Mortgage Bankers Association (TMBA) held its 4th Annual Mortgage Symposium on November 8th and 9th at the Renaissance Dallas at Plano Legacy West hotel. This year, the focus was on redefining company culture, including employee engagement and motivation, communicating change, training, and diversity & inclusion. Debbi Roberts was a facilitator for a discussion on Mentorship with Impact, moderated by Kristin Clardy Martin.
Suncoast Bankers Compliance Association (SBCA) – 2021 Avoiding UDAAP Pitfalls Webinar
On October 26th, 2021 Tracey Levandoski presented a webinar for the Suncoast Bankers Compliance Association (SBCA). The topic of this webinar was Avoiding UDAAP Pitfalls: Recognizing Risk in Marketing and Advertising. Attendees learned the UDAAP considerations related to the target audience, qualifying conditions, support for claims, testimonials, language and disclosures. This webinar also covered marketing’s impact on compliance management and the risk of using third-party service providers. The webinar was open to members of SBCA.
CrossCheck Compliance LLC Announces New Partners
CrossCheck Compliance LLC is pleased to announce that Liza Warner and Todd Krell have been promoted to partners in the firm.
Utah Bankers Association (UBA) – 2021 Fall Compliance Conference
The Utah Bankers Association hosted its Fall Compliance Conference – Unmasked from October 19-21 in Park City, Utah. This was a hybrid event. Participants chose whether to attend either in person or via Zoom. On Tuesday October 19th, Tracey Levandoski presented one session on UDAAP and one on Fair Lending for Commercial Loans.
The American Bankers Association approved the conference for 2.5 CAFP, CERP, 14 CRCM credit. As compliance expectations continue to soar, keeping up with the latest regulatory changes and compliance issues can be more than a full-time job. The Annual UBA Fall Compliance Conference offered compliance professionals in-depth, content-rich discussions that address critically important topics. This year’s conference featured a wide variety of general and breakout sessions—led by industry experts and regulators—designed to help compliance professionals stay current with and function confidently in the rapidly changing regulatory environment.
