Regulatory Compliance

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Monday, September 13, 2021

  • General Session: Update from the Agencies

    Location: Independence Ballroom A,
    Independence Level


    Speaker(s)

    John Bell, III, Acting Executive Director, Loan Guaranty Service, U.S. Department of Veterans Affairs

    Pete Mills, SVP, Residential Policy and Member Engagement, Mortgage Bankers Association

    Mark McArdle, Assistant Director Of Mortgage Markets, Consumer Financial Protection Bureau (CFPB)

    Nathan Schultz, Senior Advisor to the Assistant Secretary for Housing/Federal Housing Commissioner, U.S. Department of Housing & Urban Development

    Leaders of key government agencies discuss the current regulatory landscape.

    Speaker(s)

    John Bell, III, Acting Executive Director, Loan Guaranty Service, U.S. Department of Veterans Affairs

    John E. Bell III, Acting Executive Director, Loan Guaranty Service, Department of Veterans Affairs (VA) is responsible for delivering VA home loan benefits to his fellow Veterans.  John oversees over 800 Loan Guaranty personnel nationwide.   Following a successful career in the mortgage industry, John began his VA career in 2010.  Under John's leadership, home loan volume has increased 525%, with a record-breaking 1.2 million Veterans closing on VA-guaranteed loans in Fiscal Year 2020.  VA’s share of the mortgage market has grown from less than 2% to over 13% with no increase in staffing. John previously served as Chief of Staff for the Deputy Undersecretary for Economic Opportunity, and as the Assistant Director for Loan Policy and Valuation, Loan Guaranty Service.  As Assistant Director, John headed three of the four Loan Guaranty business lines, Loan Policy, Valuation and Specially Adapted Housing.  Loan Policy includes Veterans’ eligibility and direct loans approved for Veterans through the Native American Direct Loan program. John was promoted to Deputy Director, Loan Guaranty Service, four years ago. John served in the US Navy during Operation Restore Hope and the Gulf War.  Following his service to our Nation, John began his 20+ year career in mortgage finance while attending Lambuth University in Jackson, TN, and quickly rose to positions in senior leadership of large lending institutions including Bank of America and Countrywide Home Loans.   While at Countrywide, he oversaw the design of a new portfolio retention strategy, which became an industry leading model.  Additionally, he established the group which managed the VA property management contract and was credited with starting a national inspection group. This model is now used throughout the industry to reduce costs, improve community relations and decrease code violations. A recognized leader in the industry, John frequently initiates collaborations with officials of housing programs at other Federal Agencies and leaders of industry organizations.  John will be serving as the 2022 Board Chairman of the MISMO Government Forum. When the COVID-19 national emergency struck, John was instrumental in Loan Guaranty’s fast response which ensured that home loan benefits continued to be delivered to Veterans without delay and reassured industry partners at this critical time. Through John’s vision for improving service to Veterans by expanding data analytics, VA realized implementation of the automated full file loan review process, reduced timeliness for determining eligibility from 14 business days to less than 48 hours, nationalized all front-end operations of the program and established VA’s appraisal management system. John’s industry experience has influenced Loan Guaranty’s transformation to better align with the fast-paced mortgage industry.  He is dedicated to Loan Guaranty’s mission to provide the highest level of service to each Veteran who is purchasing, refinancing, adapting or retaining a home.  John looks forward to continuing his work to best serve his fellow Veterans by ensuring that a VA-guaranteed home loan is always the product of choice.

    Pete Mills, SVP, Residential Policy and Member Engagement, Mortgage Bankers Association

    Pete Mills is Senior Vice President of Residential Policy and Member Engagement at the Mortgage Bankers Association (MBA). In this position, he leads MBA's residential policy team and state and local advocacy program, and directs MBA's residential member engagement efforts across the MBA value platform. Mills is an experienced financial services industry executive with more than 30 years of expertise in public affairs, government relations, public policy and research, all in the housing and mortgage finance arena. Prior to joining MBA, he served as Managing Director and co-founder of the Community Mortgage Banking Project, a public policy organization that represented the interests of companies and coalitions involved in the housing and mortgage finance industries.

    Mark McArdle, Assistant Director Of Mortgage Markets, Consumer Financial Protection Bureau (CFPB)

    Mark McArdle is the Assistant Director, Mortgage Markets at the Bureau. In this role he leads a team that works closely with industry and other stakeholders to help inform the Bureau and the public on current and future trends in the mortgage origination and servicing markets. Before CFPB, McArdle was the Deputy Assistant Secretary for Financial Stability at the U.S. Department of the Treasury. In this role, he led the office that managed the Troubled Asset Relief Program (TARP), including its remaining investment and homeownership preservation programs, and advised the Department on access to credit issues. He also held previous roles at Treasury including Chief Homeownership Preservation Officer and Director of the Hardest Hit Fund.

    Nathan Schultz, Senior Advisor to the Assistant Secretary for Housing/Federal Housing Commissioner, U.S. Department of Housing & Urban Development

    Nate Shultz serves as a Senior Advisor to the Assistant Secretary for Housing – Federal Housing Administration Commissioner at the U.S. Department of Housing and Urban Development. In this capacity, he advises the Commissioner and other senior HUD officials on a wide array of policies and initiatives associated with FHA programs. Prior to coming to HUD, Mr. Shultz led Fannie Mae’s single family Affordable Housing Preservation work under the Duty to Serve initiative, with a focus on shared equity homeownership and distressed properties and neighborhoods. He has also held leadership roles at mortgage lender and servicer, TMS, the Colorado Housing and Finance Authority, and at FHA during a previous tenure at the HUD.

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