MBA Compliance Essentials RESPA Consent Orders Webinar Mar. 2
MBA Education and the MBA Compliance Essentials program present a new webinar, Update and Overview of Recent RESPA Consent Orders, this Thursday, Mar. 2 from 2:00-3:30 p.m. ET.
Recently, the Consumer Financial Protection Bureau announced four Real Estate Settlement Procedures Act-related Consent Orders with Prospect Mortgage and several of its realtor and servicer business sources. In finding illegal referral agreements existed, the Bureau spread a wide net implicating many common practices, including Marketing Servicing Agreements, desk rentals, co-marketing agreements and lead generation. The Bureau also raised concerns about exclusive referral agreements and steering of consumers.
While the orders contain some insights into certain practices, guidance remains unexplained and unclear as to general applicability. As a result, articulating what these orders mean for compliance has led to confusion among stakeholders.
Join MBA and the Compliance Essentials program in an effort to bring some clarity to the current state of RESPA as it has evolved under the CFPB, from its early RESPA cases and Bulletin regarding marketing services agreements, to the PHH litigation and now in light of Prospect Mortgage, et al. Where do lenders and others go from here?
Objectives
–Latest interpretations of RESPA and best practices going forward.
–Values and risk of Marketing Service Agreements as they stand now.
–How to ensure that current arrangements are in compliance.
Speakers
–Phillip Schulman, Partner, Mayer Brown LLP
–Brian Levy, Counsel, Katten & Temple LLP
–Joshua Weinberg, Executive Vice President of Compliance, First Choice Loan Services Inc.
–Moderator: Ken Markison, Vice President and Regulatory Counsel, MBA
–Moderator: Bart Shapiro, Director Regulatory Compliance Education Strategy, MBA
Who Should Attend
–In-House Counsel
–Compliance Officers and Managers
–Attorneys
–Risk Officers and Managers
To register, click https://store.mortgagebankers.org/ProductDetail.aspx?product_code=E2171718J/REGIS.
Login instructions will be sent to paid attendees in advance of the webinar. All paid attendees will receive a copy of the audio recording and PowerPoint deck at the conclusion of the webinar.
For more information, click https://www.mba.org/store/events/webinar/ce-update-and-overview-of-recent-respa-consent-orders.
