9-2-19 The Importance of RegTech for the Mortgage Industry

Do you know what's happening in RegTech when it comes to the mortgage industry? In this episode of Lykken on Lending we have a Hot Topic all about RegTech and how technology can be used when it comes to regulations that affect the mortgage industry! Our Hot Topic Guests Tune in to listen to our three guests: Dan Smith of ComplianceEase, Thomas Hennen of Calyx Software, and Jeremy Windham of the Alabama State Banking Department. ComplianceEase® is a leading provider of intelligent business solutions to financial services institutions. Calyx Software is a quality loan origination software and they are revolutionizing the loan origination process. Topics Covered in this Interview: 1. Why is RegTech important from a regulator’s perspective? 2. What have the states done to accomplish faster loan review times? 3. What happened in 2014? 4. What are the States doing? 5. What are the other options? Got Questions about any future LEF Summits? If any companies are interested in participating in any future LEF Summits or talking one on one with the Regulators regarding this initiative, please email Jeremy at jeremy.windham@banking.alabama.gov. Jeremy Windham, CSME Alabama State Banking Department, Montgomery, AL Jeremy is employed by the Alabama Banking Department as the Mortgage Licensing/Examinations Coordinator.  Jeremy has been with the Department for 20 years. He is responsible for regulating all licensed mortgage companies and all mortgage loan originators. He investigates cases of mortgage fraud and any reports of intentional violations. Jeremy was an initial member of the Mortgage Testing and Education Board which was created by CSBS in 2009. He helped develop the national and state test for mortgage loan originators. Jeremy is currently the Vice-Chair of the Multistate Mortgage Committee (MMC) and has conducted numerous MMC/CFPB coordinated examinations.  He will be the Chair beginning in January 2020.

Daniel Smith, Senior Vice President, Government Relations

Daniel Smith is the Senior Vice President of Government Relations for ComplianceEase, the nation’s leading provider of risk management solutions to the financial services industry. Smith is responsible for many company-wide initiatives, serves on the steering committee, and chairs the annual Risk and Compliance Summit.  During his time with the company, he has fostered collaborative relationships with many of the largest, leading lenders and strategic partners.  

Prior to joining ComplianceEase in 2005, Smith managed a consultative team at Fiserv that aided lenders in valuing servicing portfolios. 

Smith holds a BA in Philosophy from Calvin College and an MBA from Duke University, where he was named a Fuqua Scholar.

ComplianceEase has an overview of the automated process on their website located here.

Thomas Hennen, Calyx, Director of Strategic Partnerships

Executive level financial leader with distinguished career developing multi-million dollar sales channels and optimizing strategic partnerships to capitalize on marketing opportunities and grow profitability in public, private and corporate environments as well as start up ventures. Skilled in facilitating continuous improvement across all sales functions including new market identification and expansion, strategic partnerships/alliances, and long term client retention. Collaborative and interactive sales professional with a positive attitude; committed to creating a world class customer experience. Accomplished in hiring, motivating and retaining high performance, cross-functional teams in challenging and complex business environments. Excels in start up or existing business models requiring vision and strategic direction. Trusted business partner with demonstrated ability to drive sales goals and sustain market dominance in challenging and/or complex industry sectors. Acknowledged for integrity, sound judgment, and effectiveness. The first half of the Lykken on Lending program will feature our Weekly Updates: we’ve got Rob VanRaaphorst with his MBA Mortgage Minute, and then Les Parker’s TMSpotlight, a macroeconomic perspective on the economy with a music parody. That leads to Joe Farr providing you a rate & market update, followed by Alice Alvey of Union Home providing a regulatory & legislative update, Allen Pollack giving us a Tech Report of the latest technology impacting our industry and then we wrap up the first half the program with Andy Schell, a/k/a “Profit Doctor” sharing ideas on how to improve your bottom line.  Resources Mentioned in this Episode: First Look at July Activity from Black Knight 10 Years Podcasting with Dave Savage and Ryan Hills MBA's upcoming mPower Event