In today’s Hot Topic, we have Dan Smith on the podcast and we’re talking about ComplianceEase’s upcoming Risk & Compliance Summit and a high-level overview of recent trends in mortgage compliance. A couple of these will be explored further as two of the Summit’s moderators also join today’s discussion!
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.
Topics Covered in this Podcast:
- Some of the latest regulatory trends in mortgage compliance
- The need for a Risk & Compliance Summit
- Summit speakers and topics covered
Dialing into the program we have 2 speakers who will be at the Risk and Compliance Summit:
Faith Schwartz, President, Housing Finance Strategies. Faith is moderating “Modern Risks: Social Media, Corporate Culture and Fintech”
Session Description: With AUS and the use of AI, Compliance Officers and their teams need to remain on top of the “Black Box” engines. One way to combat this is to conduct fair lending testing. Because we do not know which triggers are being pulled in the “black box” AUS systems, Compliance Officers must understand the resulting data after the AUS runs to ensure that no concerns arise. If there are concerns, what is a Compliance Officer looking for in the testing results and what are items or workflows that can be shifted on the front-end? Additionally, as non-QM products continue to grow, Compliance Officers need to understand how the business units are making the underwriting decisions for the non-QM population of loans.
Laura LaRaia, General Counsel of First Guaranty Mortgage Corp. Laura is moderating “ What Compliance Officer Need to Know About AI-Based AUS”
Session Description: Led by Housing Finance Strategies leader, Faith Schwartz, this panel will focus on how corporate culture, strong 24/7 social media, and fintech make a powerful combination for the shifts going on in the mortgage market. Dana Dillard, executive at Mr. Cooper will take you through their journey in changing the name to Mr. Cooper. What they did well , what they would do differently and why it matters. Nicole Booth, leader at Quicken loans, will describe their culture, highly defined by technology and self describes themselves as a tech company who is very consumer focused. Chase Housing leader Suzanne Garwood will describe the transformation going on at Chase home loans around millennials, fintech and the future. This panel will explore risk compliance and progress in the face of “big data and technology”. Three different companies, highly successful and leaders in housing.
For more information, check out The Risk Compliance Summit happening April 5-7, 2020 at https://riskcompliancesummit.com.
You can signup with the Transformational Mortgage Solutions coupon code to save $400 on your registration!
COUPON CODE: ($400 off Code) RCS20-TMS
Excerpts from this Episode:
Listen: California announces Department of Financial Protection and Innovation… it’s not time to take your foot off the petal in terms of compliance advancements…
Listen: There is a key trend of the rising importance of data security and data rules in compliance…
Listen: A look at the Risk & Compliance Summit with attendees from both the lender side and the federal and state regulators…
Listen: Check out the line up of great speakers at the upcoming Risk & Compliance Summit…
Listen: A look at what makes the Risk & Compliance Summit different than other conferences… blurring the line between presenter and audience…
Listen: Faith Swartz will be at the Risk & Compliance Summit covering Social Media, corporate culture and fintech…
Listen: Laura LaRaia, General Counsel of First Guaranty Mortgage Corp will be moderating ‘What Compliance Officers Need to know about AI-based AUS..
Listen: At the Risk & Compliance Summit will be a discussion about Artificial Intelligence and its role in mortgage compliance…