Schedule

Schedule subject to change.

Note: Meeting rooms may change, so please refer to the on-site program for final locations.

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Tuesday, May 7, 2019

  • Applied Compliance Track: Implementing LO Compensation

    Location: Empire Ballroom B,
    Level Two


    Speaker(s)

    Troy Garris, Founder and Managing Member, Garris Horn PLLC

    Benjamin Olson, Partner, Buckley LLP

    Richard J. Andreano, Jr., Partner, Ballard Spahr LLP

    Russell R. Bruch, Of Counsel, Morgan Lewis & Bockius LLP

    Lisa Klika, Chief Compliance Officer and Senior Vice President, Guild Mortgage Company

    Breakout Session,

    Applied Compliance Track

    Loan Originator compensation is an increasingly important focus as production shifts to a purchase-oriented market. Walk through hypothetical compensation plans to discuss what is allowed under the rules and what is not.

    Speaker(s)

    Troy Garris, Founder and Managing Member, Garris Horn PLLC

    Troy Garris is a founder and managing member of Garris Horn PLLC. Troy is a business owner’s lawyer, priding himself on a results-oriented, pragmatic approach to addressing legal issues in the financial services world.  Troy deals with federal and state compliance, enforcement defense, company formation, and mergers and acquisitions (M&A). In these areas, Troy represents independent mortgage bankers (IMBs), community banks and other depositories, homebuilders, and related entities (e.g., lenders, servicers, title companies, secondary market investors, and equity funds).  Troy is active in the industry, including being significantly involved with industry associations and currently is a board member, and Chair of the Regulatory Compliance Committee of the Texas Mortgage Bankers Association. In 2007, the Mortgage Bankers Association named him to the Future Leader’s program.

    Benjamin Olson, Partner, Buckley LLP

    Benjamin K. Olson is a partner in the Washington, D.C. office of Buckley LLP. A recognized authority in the field of consumer financial protection regulation and a frequent speaker at industry conferences, his practice focuses on advising clients on compliance with credit card, mortgage, and other consumer protection regulations and responding to government inquiries. He is the former Deputy Assistant Director of the Office of Regulations at the Consumer Financial Protection Bureau (CFPB) where he oversaw numerous Dodd-Frank Act rulemakings, including the TILA-RESPA Integrated Disclosure (TRID) rule, the Ability-to-Repay/Qualified Mortgage rule, the Mortgage Servicing rules, and the CFPB’s amendments to the Loan Originator Compensation rule. Before joining the CFPB, he played a leading role in the drafting of the rules implementing the Credit Card Accountability Responsibility and Disclosure (CARD) Act at the Federal Reserve Board. Prior to that, he served as an enforcement attorney in the Federal Trade Commission’s Division of Financial Practices, where he investigated financial service providers for unfair and deceptive acts and practices (UDAPs) and other violations of consumer financial protection laws. Mr. Olson received his B.A., cum laude, from Tulane University and his J.D., magna cum laude, from the Georgetown University Law Center. He clerked for the Honorable Emilio M. Garza on the United States Court of Appeals for the Fifth Circuit.

    Richard J. Andreano, Jr., Partner, Ballard Spahr LLP

    Richard J. Andreano, Jr., is a Practice Leader of the Mortgage Banking Group at Ballard Spahr, and a member of the Consumer Financial Services Group. He has devoted over 30 years of practice to financial services, mortgage banking, and consumer finance law. Rich advises the mortgage and settlement service industries on regulatory compliance and related matters, including issues concerning the Dodd-Frank Act, Real Estate Settlement Procedures Act, Truth in Lending Act, Equal Credit Opportunity Act, Fair Housing Act, Fair Credit Reporting Act, Home Mortgage Disclosure Act, and Gramm-Leach-Bliley Act. He assists clients with government agency examinations and with regulatory issues, including loan originator compensation matters, affiliated business arrangement and other RESPA matters, and TRID, HMDA, ability to repay matters. Rich is the author of the MBA Compliance Essentials Loan Originator Compensation Rule Resource Guide™ and co-author of the MBA Compliance Essentials TILA/RESPA Integrated Disclosure (TRID) Resource Guide™.

    Russell R. Bruch, Of Counsel, Morgan Lewis & Bockius LLP

    Russell R. Bruch is an attorney with Morgan Lewis who defends corporate clients in employment litigation, including collective and class actions and wage and hour matters, in US federal and state courts. He represents clients at the district court and appellate levels in claims under the FLSA, ADA, ADEA, and Title VII. He also arbitrates and litigates matters relating to the enforcement of noncompetition agreements and employment contracts. Russell advises clients in diverse sectors on compliance with the FLSA, the Service Contract Act, state wage and hour issues, and wage payment requirements. He also counsels on employment policies and procedures, hiring and termination issues, and executive employment contracts in order to help clients avoid claims and litigation. Through his experience conducting numerous comprehensive internal wage and hour audits for clients, Russell helps to properly classify employees as exempt or nonexempt, and to bring other wage and hour and wage payment practices into compliance. He also works with employers to manage financial and employee relations issues associated with reclassification projects. Russell has represented clients in US Department of Labor (DOL) audits and negotiated favorable settlements. Russell has advised clients regarding compliance with the Service Contract Act and other wage and hour requirements for government contractors. He also conducts board-level independent investigations of alleged code of conduct violations, workplace harassment claims, and whistleblower allegations.

    Lisa Klika, Chief Compliance Officer and Senior Vice President, Guild Mortgage Company

    As chief compliance officer, Lisa Klika is responsible for Guild Mortgage’s risk management, compliance, quality assurance and legal functions.  Her responsibilities include managing state and federal regulatory agency filings, licensing, inquiries and audits, and analyzing regulatory changes and areas of risk to ensure Guild continues its commitment to customer service while advancing new compliance standards. She directs policy, operational and corresponding technology enhancements to meet multiple regulatory requirements, including the SAFE Act, RESPA reform and the Dodd Frank Act.  Ms. Klika joined Guild in 2003 as a compliance analyst. She held multiple positions with the company, including quality assurance analyst and quality assurance manager, before she was promoted to vice president in 2007. She was named senior vice president in 2013.  Ms. Klika has been active in the mortgage industry throughout her career. She was named to the Mortgage Bankers Association Future Leaders program in 2007 and to the California Mortgage Bankers Association Future Leaders program in 2009. She served on the MBA Residential Board of Governors Advisory Committee in 2010-11 and was chair of the MBA Regulatory Compliance Committee from 2010-13. She currently serves as the vice chair of the MBA State Legislative and Regulatory Committee.