CFPB Amendments Related to the Loss Mitigation Rules

Is Your Bank's Implementation Plan Ready to Execute?
Aired: Wednesday, May 17, 2017


Join us for a three-part mini-series that zeros in on the most challenging aspects of the Consumer Financial Protection Bureau's (CFPB's) recent amendments to the mortgage servicing rules—loss mitigation, successors in interest, and servicing borrowers in bankruptcy. These programs will focus on practical information you need to know as your bank executes its implementation plan for the new rules. This series is designed for bankers who have a working knowledge of the new rules.

This series will focus on:
  • Necessary updates you need to make to your servicing policies and procedures
  • Practical guidance to assist you with implementing the rules
  • In-depth discussion and analysis of the more challenging aspects of the new rules
  • Tips for working with your vendors to implement the new rules
Part 1 discusses the 2016 amendments to the loss mitigation rules which go into effect in October 2017. Have you made the necessary updates to your bank's system requirements, and related policies and procedures regarding processing borrowers' loss mitigation applications and preventing wrongful foreclosures?

This recording will focus on:

  • System requirements and process changes associated with the new disclosure requirements
  • Obtaining information that is not in a borrower's control
  • Providing short-term repayment and forbearance plans
  • Dealing with multiple requests for loss mitigation
  • Managing foreclosure counsel
  • Overseeing servicing transfers involving loans in the loss mitigation process

Speaker:

  • Krista Shonk, Vice President, Mortgage Finance / Senior Regulatory Counsel, American Bankers Association (moderator)
  • Jason R. Bushby, Partner, Bradley Arant Boult Cummings LLP
  • Jonathan R. Kolodziej, Associate, Bradley Arant Boult Cummings LLP
 
 

 Continuing Education Credits

 
The Institute of Certified Bankers (ICB) has approved this program for  2.0 CRCM continuing education credits for the live program and the recording.

CPE logoRecordings are not eligible for CPE credits.

American Bankers Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:
www.learningmarket.org.
​Questions? Please contact Linda Shepard / Cari Hearn for more information.
 

 Pricing & Purchasing

 

Online Streaming Recording
Now Available

ABA Member • $235
Non-Member • $365

 

 Who Should Attend

 
  • Compliance Officers and Managers
  • Chief Operations Officers
  • Servicing Managers
  • Risk Managers
  • Risk Auditors
  • Mortgage Lenders
  • Mortgage Loan Managers
  • Bank Counsel
  • Senior Bank Managers
 

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