Federal and state regulations regarding reverse mortgages are constantly evolving and it is vital for reverse mortgage professionals to stay up-to-date on these issues.
American Conference Institute’s 2nd Annual National Forum on Reverse Mortgage Compliance aims to help by bringing together regulatory and enforcement officials, industry lenders compliance experts, and outside counseling specializing in the subject of reverse mortgages.
The event, which takes place on July 22nd and 23rd at the Helmsley Park Lane Hotel in New York, NY, will feature important compliance strategies and critical updates from Met Life Bank, Wells Fargo Home Mortgage, the United States Department of Housing and Urban Development, the Federal Reserve Board, the Conference of State Bank Supervisors, and many more.
The conference is designed to benefit in-house compliance professionals and corporate counsel in the reverse mortgage sector, as well as private practice attorneys specializing in mortgage banking, financial services, or consumer finance.
“Given the evolving federal and state regulatory regimes impacting reverse mortgages, combined with a renewed interest in securitization of these products, it is critical that in-house and outside counsel and compliance professionals remain abreast of recent and emerging legislation and enforcement initiatives affecting the industry,” says Brett Brumberger, Senior Conference Producer for American Conference Institute. “ACI’s Reverse Mortgage Compliance forum will provide attendees with the information that they need to remain ahead of the curve.”
Conference attendees will have a chance to meet and hear expert advice from regulatory and enforcement officials, compliance professionals and corporate counsel from both lenders and servicers, and private practice attorneys specializing in the field.
Topics to be discussed include: ensuring compliance with FHA HECM regulations and minimizing the risk of sanctions; developing a quality control plan in compliance with HUD/FHA; obtaining FHA approval under emerging stricter standards; incorporating FFIEC guidance on reverse mortgages into your compliance initiatives; navigating through the complexities of state regulations and licensing requirements, including the new reverse mortgage examination guidelines, and much more important advice. Additionally, attendees can receive Continuing Legal Education ethics credits.
“I believe that the two biggest highlights of the event are [first], the panel entitled ‘Regulatory and Enforcement Roundtable: Perspectives from HUD, CSBS, OCC, FinCEN, and More,’ because it provides an opportunity for attendees to have their key regulatory and compliance questions and concerns addressed by some of our expert government panelists,” says Brumberger. “Secondly, in the panel entitled ‘Securitization and the Secondary Market,’ leaders in reverse mortgage securitizations will share their expertise with conference attendees and address their most pressing concerns relating to securitizations and the secondary market.”
RMD is the conference’s media sponsor and readers are entitled to a $400 discount when using the code RMD 1795. You can register today by calling 1-888-224-2480, or register online here.
Written by Kelly Mellott