Understand Where Your Data and Programs Meet to Control Risk
Published in the April 19, 2019 issue of Compliance Action, this article addresses lessons learned from past fair lending consent orders. Adequate fair lending risk management requires not only awareness of potential fair lending risk, but an understanding of how that risk is affected by the institution’s programs and how those programs are executed. Only then can adequate controls be developed to mitigate the risk and monitoring be developed to gauge the effectiveness of those controls.
Mindset Matters: Are You Set Up for Quality Control Success?
Published in the April 2019 issue of Mortgage Compliance Magazine, this article discusses how decreasing volumes and shifts toward new products have led to a new mindset regarding quality control. How do lenders who are successful with quality control adopt strategies that not only keep them compliant with investor, warehouse lender and regulatory requirements, but also lower costs, improve loan quality, and provide for competitive advantage by allowing them to more rapidly add new products?
Florida Bankers Association (FBA) – 34th Annual Consumer Compliance Seminar
In Orlando, FL on April 5, 2019 Monika McCarthy, managing director and general counsel, presented “Banking Ethics, Governance & Risk Mitigation Best Practices”.
American Bankers Association (ABA) – 2019 Spring Intermediate Compliance School
On April 1st, 2019 in Tucson, AZ, Karen Cullen, director in CrossCheck’s Regulatory Compliance and Fair & Responsible Lending practices, was a panelist at the ABA’s Spring 2019 Intermediate Compliance School. The panel addressed Compliance Hot Topics.
Wisconsin Bankers Association (WBA) – 2019 Real Estate Compliance School
On March 11th, 2019 Jim Treacy, director, and Heidi Wier, managing director, taught Regulation Z, TRID and Ability to Repay. On March 15th Heidi Wier taught HMDA.
Mortgage Bankers Association’s (MBA) – 2019 National Servicing Conference
On Wednesday, February 27th, 2019 Jim Shankle, managing director, participated on a panel, Quality Control for Major Operational Risk Areas, at the Mortgage Bankers Association’s National Servicing Conference. The panel identified the top operational risk areas for servicers and recommended how to ensure adequate quality control. These risk areas include vendor management, customer handling and response, ancillary fees, loss mitigation and more. The panel also recommended ways to organize QC and oversight at a time when servicing costs are being scrutinized.
Ensuring Quality Originations – Is It Time to Review Your Quality Assurance Program and Quality Control Plan?
In the Winter 2019 issue of ACUMA Pipeline, Todd Krell provides insights for credit unions to the question – Is It Time to Review Your Quality Assurance Program and Your Quality Control Plan?
Wisconsin Bankers Association (WBA) – 2019 Mortgage Lending School
On February 19th, 2019 Heidi Wier, managing director, taught the following topics: Regulation Z, Fair Lending, HMDA, Equal Credit Opportunity Act, SAFE Act and Flood, among other topics.
Illinois Mortgage Bankers Association (IMBA) – 2019 Risk Management Committee HMDA Webinar
On Thursday, February 7th, 2019, IMBA’s Risk Management Committee in conjunction with Neighborhood Loans and CrossCheck Compliance, offered a complimentary webinar: HMDA: Submit with Confidence, Keys to Successful Data Integrity. The presenters included Karen Cullen, Director at CrossCheck Compliance and Heidi Wier and Managing Director at CrossCheck Compliance, moderated by Nathan Britsch, Executive VP, Compliance at Neighborhood Loans.
California Mortgage Bankers Association (California MBA) – 2019 HMDA Webinar
On Thursday, January 24th, 2019 Heidi Wier, managing director, and Karen Cullen, director, presented a webinar for the California MBA’s Mortgage Quality and Compliance Committee entitled HMDA: Submit with Confidence, Keys to Successful Data Integrity. Participants learned ways to finalize their LAR submissions and handle last minute integrity issues all while not falling behind with 2019 data.
Fair Lending for Commercial Loans – Within the Sight Lines of the Regulators
Published in the November-December 2018 issue of Western Banker, this article addresses the challenges of doing a fair lending review of commercial lending.
Chicagoland Compliance Association (CCA) – 2018 HMDA Update
On December 7th, 2018 in Chicago, IL, industry experts and front-line subject matter experts provided an update on HMDA related topics. Karen Cullen, director, Regulatory Compliance and Fair & Responsible Lending, spoke on HMDA Data Integrity: Importance of Systemic and Logic Reviews.
Illinois Mortgage Bankers Association (IMBA) – 2018 Year-End Mortgage Market Update
On December 4th, 2018 in Chicago, the IMBA presented an economic and mortgage market overview. Chris Ortigara, director, who chairs the IMBA Secondary Marketing Committee, moderated a panel which included Peter J. Taglia, senior VP, FTN Financial Capital Assets Corporation; Paul Lueken, CEO, Draper & Kramer Mortgage; Jeremy Collett, executive director, Capital Markets, Guaranteed Rate; and Sergio Murer, regional sales executive, Correspondent Lending, Wells Fargo Funding.
Total Training Solutions and CU Webinars – 2018 HMDA: Trust but Verify Webinar
On December 4th, 2018 Heidi Wier presented a webinar through Total Training Solutions and CU Webinars.com on the methods credit unions can use to ensure that their HMDA data is accurate. This webinar was beneficial for anyone who has responsibility for HMDA data integrity or analyzing the information to help manage fair lending risk, including senior management, compliance officers, attorneys and auditors.
California Mortgage Bankers Association (California MBA) – 2018 Legal Issues and Regulatory Compliance Conference
At the California MBA Legal Issues and Regulatory Compliance Conference in Newport Beach California, December 3–4, 2018, Monika McCarthy, managing director and general counsel, moderated the General Counsel Roundtable with the following panelists: Je Yon Jung, AmWest Funding Corp., Tom Noto, Stearns Lending, Lauren Ingersoll, Inspire Home Loans, and Ken Block, New American Funding.
The Future is Digital Mortgages – Are You Choosing Your Fintech Partner Wisely?
In the winter issue of California Mortgage Finance News, Liza Warner and Monika McCarthy address the considerations lenders face when reviewing the options for partnering with fintechs. Finding the right fintech solution partner and implementing compliance protocols and best practices to mitigate risks is a win-win for consumers, lenders, technology innovators, investors, and the industry as a whole.
Western Bankers Association (WBA) – 2018 Overdraft Programs, Compliance Best Practices Webinar
On November 29th, 2018, Heidi Wier and Jim Treacy presented a webinar program entitled Overdraft Programs, Compliance Best Practices. Attendees of this webinar learned the regulatory ‘requirements’ relating to overdraft programs as well as the regulatory ‘guidance’ and best practices on the topic.
Two Days to Perform M&A Due Diligence: What Should Compliance Focus On?
Mergers and acquisitions (“M&As”) continue to increase, and compliance personnel play an important role in the process. In the November-December 2018 issue of ABA Bank Compliance, Heidi Wier’s article “Two Days to Perform M&A Due Diligence: What Should Compliance Focus On?” outlines essential compliance considerations for M&As. A strong roadmap that covers as many high-risk areas as possible is imperative to protect your institution from overpaying, costly regulatory delays, or even fines and penalties after the fact.
Chicago Bar Association – Financial Institutions Committee 2018 Fair Lending Presentation
On November 14th, Liza Warner, managing director, presented Preparing for Internal and External Fair Lending Audits as part of a panel on Fair Lending Enforcements, Audits, and New Frontiers to the Financial Institutions Committee. The panel included Illinois Assistant Attorney General Vijay Raghavan and John Mussman, Rimon P.C., Partner.
Western Bankers Association (WBA) – 2018 HMDA Webinar
On December 11th, 2018 Heidi Wier presented a webinar for the Western Bankers Association on HMDA Data Integrity – Leveraging Technology to Ensure Your HMDA Data Is Accurate. Participants learned how to manage HMDA risk, how leveraging technology can help increase the accuracy of HMDA data, and how to test for issues before the regulators do to avoid resubmissions.
