In our Hot Topic this week we have Rick Toma, Chief Operating Officer at The Money Source Inc.
The discussion will focus on a Compliance Management System; how to get mortgage quality control assistance…. Compliance is to mortgage servicers what structural integrity is to homes. Without a compliant foundation, servicers’ integrity is thrown into doubt, and repairing the problem can happen only at great expense.
Want to know more about Rick Toma?
Rick Toma, Chief Operating Officer at The Money Source Inc.
Richard “Rick” Toma is currently Chief Operating Officer at The Money Source (TMS), a national correspondent lending company, mortgage servicer, and mortgage sub-servicer. He joined TMS as Chief Compliance Officer in 2015. Previously, Rick was Deputy Director of the Office of Lender Activities and Program Compliance with the Federal Housing Administration, Department of Housing and Urban Development, where he led the operational execution of Final Rule FR 5356–the largest piece of FHA Lender Reform action in HUD’s history. Formerly Senior Vice President of Affiliated Services at NRT Incorporated, a Realogy Company, Rick’s industry experience extends to affiliated services in the home services arena, including residential real estate sales and franchising, mortgage servicing, and sub-servicing, title and settlement services, and Concierge related homeownership services. He is a Distinguished Military Graduate of the College of William and Mary and is a Bronze Star Veteran of U.S. Military Actions “Desert Shield” and “Desert Storm.”