|
|
|
|
|
|
MBA’s Quality Assurance and Residential Underwriting Conference 2011
Sept. 13-15 2011
New Orleans, LA
Tuesday, September 13, 3:00 p.m.–5:00 p.m.
As part of the Dodd-Frank Act, regulators established requirements for securitizers to retain a portion of the credit risk of securitized assets. The regulations include a “Qualified Residential Mortgage” (QRM) definition that exempts some loans from the risk retention requirement. The impact is far reaching. We invite you to join our panelists — attorneys and capital markets experts — who have been engaged in the debate, as they provide an in-depth examination of the rules, discuss potential challenges and implications for your business with respect to implementation and answer your specific questions.
Facilitators:
Michael Fratantoni
Vice President, Single Family Research and Policy Development
Mortgage Bankers Association
Ken Markison
Associate Vice President and Regulatory Counsel
Mortgage Bankers Association
Wednesday, September 14, 8:30 a.m.–9:45 a.m.
MBA Chief Economist and Senior Vice President of Research and Business Development, Jay Brinkmann, Ph.D., talks about the status of the economy and the direction of the mortgage industry. Attend this session to hear a regional and national breakdown of the mortgage markets and ways to position yourself for the future. After completion of the presentation, Brinkmann takes your questions.
Welcome:
Vickie V. Bourassa
Vice President
Colonial National Mortgage, a Division of Colonial Savings, F.A.
Speaker:
Jay Brinkmann, Ph.D.
Chief Economist and Senior Vice President
Research and Education
Mortgage Bankers Association
Wednesday, September 14, 10:00 a.m.–11:15 a.m.
This session takes you through a review of the QA and QC process and examines what is being done in the industry by other lenders that have proven processes that work within individual shops. This is also an opportunity to learn what the current requirements are, gain insight regarding common errors from a GSE perspective and get a detailed practitioner’s view of these processes.
Moderator:
Gregory Ramsey
Senior Manager,
Consumer Finance
PricewaterhouseCoopers
Speakers:
Joy Hadley
Director
U.S. Department of Housing and Urban Development
Pamela Padgett
Vice President
Single-Family Underwriting Quality Control
Freddie Mac
Stephen Spies
Vice President of Loan Quality
Fannie Mae
Wednesday, September 14, 10:00 a.m.–11:15 a.m.
This session presents an outline for conducting a comprehensive assessment of servicing risk, including analysis of ways to apply the assessment results in a litigation context.
Moderator:
Lauren Bowden
Servicing and Default Quality Control Manager
SunTrust Mortgage, Inc.
Speakers:
Therese G. Franzen
Partner
Franzen and Salzano, PC/ComplyShare, LLC.
Presentation - Franzen
Handout - Franzen
Rebecca B. Walzak, CQM
President
rjbWalzak Consulting, Inc.
Presentation - Walzak
Wednesday, September 14, 10:00 a.m.–11:15 a.m.
In today’s changing environment underwriters play a key role in ensuring that investor and regulatory requirements are met in all areas of the loan process. Attend this session in which panelists discuss current issues such as Dodd-Frank, the impact of QM and QRM, ways to properly incorporate automated underwriting, the importance of ability to repay and much more.
Moderator:
Charles W. Sewright, CMA
President & Chief Executive Officer
Quest Advisors, Inc.
Panel Presentation Part 1
Panel Presentation Part 2
Speakers:
Gail Andrich
Vice President-Investor Services Corporation
Mortgage Guaranty Insurance Corporation
Vice President
MGIC Mortgage Services, LLC.
Lisa Binkley
Solutions Director
Equifax
Noel McGarvey
Vice President
Pulte Mortgage, LLC.
Wednesday, September 14, 11:45 a.m.–1:00 p.m.
Constant fluctuations in industry guidelines and regulations, coupled with complicated new mortgage products make mitigating company risk a daunting task for compliance and underwriting managers. During this session, leading technology providers and mortgage bankers discuss how using the right combination of technology and know-how can not only drive higher pull-through rates, but also increase the quality of loans. Speakers explore ways utilizing integrated and synergistic systems can create seamless work-flow processes that minimize risk.
Moderator:
Lisa Schreiber
Vice President, Lender Business Development
Ellie Mae
Speakers:
Vladimir Bien-Aime
President
Global Data Management Systems
Arturo Garcia
Vice President of Operations
Platinum Data Solutions
Ashley Woodworth
Vice President, Product Management
Interthinx
Wednesday, September 14, 11:45 a.m.–1:00 p.m.
What if the data first received from a borrower was accurate, complete and did not require changes? This panel discusses how a lender can receive better quality data upfront, what databases are available, what data could be certified or automatically verified upon application and how these items impact the existing loan underwriting and operations processes.
Speakers:
Panel Presentation
Edward Albrigo
President
Hilltop iSolutions, LLC.
Geoffrey Oliver, CMB
Chief Executive Officer & Managing Partner
Hilltop Advisors, LLC.
Wednesday, September 14, 11:45 a.m.–1:00 p.m.
In the most egregious type of escrow fraud, the loan funds vanish, leaving the lender without a security interest in the property that was to be funded, along with very uncertain recovery prospects. This session addresses best practices and controls, trends and the operation of various settlement agent fraud types, including identity theft and straw-borrower schemes. The panel also provides insights into ways to prevent escrow fraud and offers suggestions on ways to investigate and pursue claims once they have occurred.
Moderator:
Janice Celotti
Attorney
LOGS Network
Presentation - Closing Instruction Provisions
Presentation - Title & Closing Products & Services Agreement
Speakers:
Donald Bundy
General Counsel
Prospect Mortgage, LLC.
Presentation - Bundy
Laura Roedel
Senior Vice President-Strategic Marketing
First American Title Insurance Company
Presentation - Roedel
Jon Vonder Haar
Attorney
Smith Dollar PC
Presentation - Vonder Haar
Presentation - Vonder Haar
Wednesday, September 14, 2:30 p.m. - 3:45 p.m.
In this session, QC leaders representing well-known mortgage lenders summarize their current processes and tools, discussing what has changed and how they are coping with the new compliance / regulatory demands in the industry. The lenders review their methods for handling Loan Quality Initiative (LQI) requirements and, in particular, explore methods for managing pre-funding quality control in their organization. Panelists present brief case studies on how their QC processes function from pre-funding through post-closing, and share key metrics and how those have changed in the new environment.
Moderator:
Avi Naider
Chief Executive Officer
ACES Risk Management Corp. (ARMCO)
Presentation - Naider
Speakers:
Judith Fehlner
Chief Credit Officer, Senior Vice President
Franklin American Mortgage Company
Presentation - Fehlner
Kurt Lofrano
Vice President, Credit Risk Management
Wells Fargo Home Mortgage
Presentation - Lofrano
Terri Merlino
Senior Vice President
PHH Mortgage
Presentation - Merlino
Julie Richtel
Senior Vice President, Quality Control
Executive Communications-Research & Recovery
Aurora Bank, FSB
Presentation - Richtel
Wednesday, September 14, 2:30 p.m. - 3:45 p.m.
This session explores the top challenges facing today’s mortgage lenders in underwriting quality loans while still mitigating fraud and buy-back exposure. Attendees learn about emerging trends driving mortgage lenders to adopt new solutions that can help them satisfy regulatory requirements and provide greater transparency into a borrower’s financial profile. Industry experts highlight best practices for re-training underwriters to identify risk layering characteristics of a mortgage loan, the value of key processes involving red flag assessment and the growing challenge of undisclosed debt, and provide a summary of the industry response to pressures brought about by these challenges.
Speakers:
Ann Fulmer
Vice President-Business Relations
Interthinx
Steven Meirink
Mortgage Growth Initiatives Leader
Equifax
Wednesday, September 14, 2:30 p.m. - 3:45 p.m.
Mortgage managers and credit officers have two recurring complaints about QA programs: one, they contain excessive overlap, and two, some critical areas remain under-evaluated, or worse, overlooked. Based on internal needs and regulatory oversight, effective and comprehensive QA programs have many traits in common. This panel gives examples of best practices for each trait and closes with the provision of a QA Program Management Checklist.
Moderator:
Penny A. Paplanus, CMB
Managing Director
Cognitive Options Group, LLC.
Speakers:
Gene Collett, CRCM
Assistant Director
ICS Compliance
Presentation - Collett
Cindi Dixon
Chief Executive Officer
Mela Capital Group
Constance Wilson, CMB, AMP
Executive Vice President
Interthinx
Presentation - Wilson
Wednesday, September 14, 4:15 p.m.–5:30 p.m.
In this session, representatives from the Appraisal Standards Board, Fannie Mae and Freddie Mac discuss the importance of compliance with Uniform Appraisal Dataset (UAD) requirements and how QA and underwriting professionals can meet the challenges those requirements present. Find out: what you can do now to comply with the new requirements; why new UAD requirements could jeopardize the underwriting process; how your underwriting operation should deal with the possibility of misinterpretation and how the latest technology can ensure compliance and increase workflow efficiencies.
Moderator:
Stephen D. Conlin
Risk Manager
FNC, Inc.
Speakers:
Dennis Badger
Board Member
Appraisal Standards Board (ASB)
Robert Murphy
Director of Risk Policy & Reporting
Fannie Mae
Mark Simpson
Director, Collateral Risk Policy
Freddie Mac
Wednesday, September 14, 4:15 p.m.–5:30 p.m.
Join a panel of lending-community experts in a discussion on building successful relationships between QA, underwriting and production from top to bottom. Hear what industry-leading organizations are doing to promote quality originations, how underwriting and QA teams are leading the way and how to reduce fraud within your organization. Learn how successful production relationships are established from top to bottom, as well as out to correspondents and wholesale loan originators. And find out how to enhance internal communication with regular updates and promote quality production through recognizing production associates with high-quality ratings or by spotting and reporting potential fraud.
Moderator:
Cara Costa
Vice President
National Wholesale Underwriting Manager
Franklin American Mortgage Company
Speakers:
Lisa Binkley
Solutions Director
Equifax
Kimberly Ellison
Senior Industry Relations Manager
Mortgage Fraud Program
Fannie Mae
Kurt Lofrano
Vice President–Quality Assurance and Credit
Wells Fargo Home Mortgage
Presentation - Lofrano
Thursday, September 15, 8:30 a.m. – 9:30 a.m.
This session is designed for QA / QC and underwriting professionals to meet and openly address the challenges each faces from different sides of the spectrum. Participants explore methods to improve consistency and discuss ways to work together toward the shared goal of providing a strong loan file that meets all investor requirements and eliminates redundancy and conflict.
Facilitators:
Gail Andrich
Vice President-Investor Services Corporation
Mortgage Guaranty Insurance Corporation
Vice President
MGIC Mortgage Services, LLC.
Vickie Bourassa
Vice President
Colonial National Mortgage, a Division of Colonial Savings, F.A.
Thursday, September 15, 9:30 a.m. – 10:45 a.m.
With the array of upcoming compliance changes related to RESPA and TILA reforms, SAFE and nationwide mortgage reform, as well as changes that impact credit and underwriting procedures from QM / QRM, you can’t afford to miss this information-packed session.
Speakers:
Ken Markison
Associate Vice President and Regulatory Counsel
Mortgage Bankers Association
Glenn Yeager
Counsel
Stevens & Lee
Thursday, September 15, 11:00 a.m. – 12:15 p.m.
In this session, representatives from Fannie Mae, Freddie Mac, HUD, VA and USDA discuss their current requirements along with what they anticipate for the future. Issues such as how to avoid repurchases, validation of data for loans, the loan quality initiative and potential increases in requirements based on current market conditions are addressed. Also, panelists explore data security and ways the secondary market and lenders can work together. Here’s your chance to get answers straight from the source.
Moderator:
Tamara King
Associate Vice President
Loan Production
Mortgage Bankers Association
Speakers:
Karin Hill
Director
Office Of Single Family Program Development
U.S. Department of Housing and Urban Development
Pamela Padgett
Vice President
Single-Family Underwriting Quality Control
Freddie Mac
Joaquin Tremols
Acting Director
USDA Rural Development
William White
Supervisory Loan Specialist, Loan Policy
U.S. Department of Veterans Affairs
Wendy Wood
Director of Credit Risk
Fannie Mae
Thursday, September 15, 1:30 p.m.-3:30 p.m.
Facilitator:
Wendy Wood
Director of Credit Risk
Fannie Mae
Facilitators:
Karin Hill
Director
Office Of Single Family Program Development
U.S. Department of Housing and Urban Development
Joy Hadley
Director
U.S. Department of Housing and Urban Development
Facilitators:
Joaquin Tremols
Acting Director
USDA Rural Development
William White
Supervisory Loan Specialist, Loan Policy
U.S. Department of Veterans Affairs
|
|
|