A former examiner with the Federal Reserve Bank of Atlanta addresses key compliance concerns for auto dealers and lenders, including the increasing reach and influence of the Consumer Financial Protection Bureau, as well as other consumer protection regulations that affect the auto lending industry.
The legal counsel to the Electronic Signature and Records Association (ESRA) discusses both best practices for incorporating electronic records throughout the life of a mortgage loan, as well as the power of electronic signatures as a tool for achieving compliance with the ever-increasing regulatory burden.
Tammy Stacy, Vice President and Senior Manager of Regulation and Compliance at Equifax, joins two other experts in discussing the various risk factors as well as best practices being leveraged by mortgage originators and home equity lenders to facilitate compliance with Qualified Mortgage/Ability to Repay Requirements.
Cristian deRitis, Senior Director at Moody's Analytics, provides an update on key trends in automotive lending. He discusses lending growth segmented by score and the rising percentage of loans originated for subprime borrowers. He provides detailed data on regional lending trends as well as key trends in loan performance by vintage. Craig Leabig, Senior Director of Product Management at Equifax Verification Services, provides perspective on new tools available for segmenting risk in lower score bands, with particular emphasis on how those tools apply to Millennials.
HousingWire recently hosted a webinar focused on competitive lending in the QM world, during which two senior experts from Equifax - Craig Crabtree, SVP and General Manager for Mortgage Services and Amy Crews Cutts, Chief Economist - spoke alongside Frank Nothaft, Chief Economist at Freddie Mac. During the webinar, these three industry experts discussed the economic landscape as it relates to housing and mortgages in 2014, how new QM regulations may affect this outlook, and what lenders can do to remain competitive as QM comes into play and the market dynamic shifts towards purchase money mortgages.
The Consumer Banker's Association (CBA) recently invited Equifax Verification Services to talk to its members at a webinar about Qualified Mortgage/Ability to Repay Requirements specific to Home Equity Lending. Rosie Biundo and Craig Leabig, two senior experts from Equifax, discussed best practices being leveraged by 1st mortgage originators to facilitate compliance with QM/Ability to Repay Requirements. They also told CBA members about trusted data sources and efficient processes to verify a borrower's employer wages and salary and IRS income in a home equity lending environment.
Al Dussinger, Chief Technology Officer of Embrace Home Loans, talks about how electronic signatures were incorporated into the lender's loan processing system, slashing processing time and improving customer service. Speakers also address the IRS policy changes that enabled eSignatures on 4506-Ts and the requirements for submitting a 4506-T with electronic signature.
Suzanne Flanigan, Assistant Vice President and Process Improvement Project Manager for Fifth Third Bancorp talks about how Fifth Third Bank partnered with Equifax to implement a single platform for verifying identity, income and asset data.
The speakers talk about how to organize fraud-prevention and risk-reduction tools in the origination process to reduce cost while making sure loans are 100% saleable.
Jason Morris, President & COO of EmployeeScreenIQ, Talks About The Many Ways In Which Social Networking Has Dramatically Changed The Way Employers Compete For Talent And Screen Prospective Employees.
Lisa D. Smith, 1st VP of Risk Management at Countrywide Bank, Discusses Credit Risk Management Issues in the Current Lending Environment and Techniques for Cost-effective Discovery of Potential "Red Flags" in the Loan Package.
Dawn Murphy, Manager of Background Investigations for Continental Airlines, discusses tools and techniques for effective screening of job candidates.