November 20, 2013 – Randall Clark of MasterServ Financial co-led a panel discussion entitled “CFPB Compliance – Surviving and Thriving the Post Dodd-Frank Market” with Vic O’Laughlen regarding the CFPB Solution that was created for BayView Loan Servicing. Joining Messrs. Clark and O’Laughlen were joined by Antonio Chimienti, Esq. Senior Vice President, Compliance Bayview Loan Servicing, LLC, Jeff Brunell, Managing Director, Surveillance and Oversight Services RR Donnelley Global Real Estate Services and Denis Brosnan Principal Consultant YellowPark Garden.
The panelists outlined both challenges and solutions at the riskiest points of the mortgage lifecycle. The landscape of regulatory imperatives will be introduced followed by a view from the trenches of a rapidly growing mortgage operation. Technical solutions will then be discussed including the front end of the mortgage process (loan data transfer and origination assurance), servicing compliance management (policy and procedure repository, risk mitigation workflow), and compliant borrower communications. The panel concluded with an overview of orchestrated vendor management that ties the full compliance management solution together.