Regulatory Compliance

Session Detail

Refine By

Session Type

Start Date

Take a look at the 2021 schedule.

1 results
Download Agenda Editable Agenda View Full Agenda

Monday, September 13, 2021

  • Applied Compliance Track: LO Compensation

    Location: Independence Ballroom A,
    Independence Level


    Speaker(s)

    Richard Andreano, Partner, Ballard Spahr LLP

    Jed Mayk, Partner, Hudson Cook, LLP/CounselorLibrary

    Felecia Bowers, CRCM, SVP-Director of Compliance & Servicing, Homeowners Financial Group USA, LLC

    Elisha Werner, Chief Compliance Officer, Promontory MortgagePath LLC

    With heightened competition by lenders to attract and retain productive loan originator talent, compliance with the Loan Originator Compensation (LO Comp) rule has become an increasingly hot topic. Join our panel of experts use various hypothetical compensation plans and scenarios to illustrate what is, and is not, permissible under the LO Comp rule.

    Speaker(s)

    Richard Andreano, 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 mortgage banking, and consumer finance law. Rich advises the mortgage and settlement service industries on regulatory compliance and related matters, including issues arising out of the COVID-19 national emergency, as well as issues concerning TILA, RESPA, ECOA, FairHA, HMDA, FCRA and other laws, and assists with government agency examinations and investigations. 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.

    Jed Mayk, Partner, Hudson Cook, LLP/CounselorLibrary

    Jed Mayk is a partner in the Pennsylvania office of Hudson Cook and Chair of the firm’s Mortgage Lending and Servicing Practice Group. He concentrates his practice on state and federal regulatory compliance for the mortgage and home equity lending programs of banks and licensed lenders. Jed advises clients on TILA, RESPA and the other core mortgage banking laws. He is the co-Editor in Chief of HouseLaw and a co-author of the RESPA/TIL Integrated Disclosures chapter of The Law of Truth in Lending. Jed is also the author of the MBA’s Compliance Essentials: Home Equity Line of Credit Resource Guide.

    Felecia Bowers, CRCM, SVP-Director of Compliance & Servicing, Homeowners Financial Group USA, LLC

    My career spans 40+ years in banking and mortgage related compliance auditing and implementation. I am currently the SVP - Directory of Compliance & Servicing for Homeowners Financial Group USA, LLC in Scottsdale, AZ. In my current position I oversee the company's compliance program, audits and exams, advertising, quality control, licensing, third party vendor management and servicing. I also serve as a SME for the CSBS/FiNRA and the MBA assisting in the development of the CMCP Designation courses. I have held a CRCM designation since 1993 and am a DE Underwriter.

    Elisha Werner, Chief Compliance Officer, Promontory MortgagePath LLC

    Elisha Werner provides a solid background with over 20 years of experience within the consumer financial services industry — leading compliance and legal teams with sound direction. In her current role, Elisha leads Promontory MortgagePath's depth of compliance professionals in building a robust compliance operations and quality control team.  Prior to joining Promontory MortgagePath, Elisha held various leadership positions with mortgage banking and financial services firms such as First National Bank of Omaha, Opus Capital Market Consultants, Midwest Equity Mortgage, and Wipro Gallagher Solutions, working to establish a holistic approach to compliance and risk within each organization.

Our Sponsors