Compliance issues beyond TRID still pose significant potential financial and regulatory risks for mortgage lenders. Due to the broad compliance representations and warranties made in typical loan sale agreements, these risks can include repurchase exposure for your entire loan portfolio. RESPA’s referral fee prohibitions and effects on MSAs, TILA’s loan officer compensation rule and UDAAP can all pose a risk, but are difficult to identify using normal compliance reviews focused solely on the loan file. Learn how to better assess and prevent these “outside the file” compliance issues before they endanger your business from Brian Levy, Of Counsel at Katten & Temple, LLP.
Presenter: Brian Levy
Brian S. Levy, Of Counsel to Katten & Temple, LLP, provides practical regulatory, transactional and dispute resolution guidance primarily to banks and other mortgage lenders. Levy has unique experience with banking law, mortgage origination regulations, marketing and ventures, contract negotiation and loan sale issues, commercial and residential real estate, and finance and regulatory compliance and enforcement.