FRAUD PREVENTION TRACK: Industry Fraud Risk – Best Practices in Residential Mortgage Lending

Managing Director, FTI Consulting, Inc.

Creighton Oswald is a Certified Mortgage Banker (“CMB”) and financial services professional with 30 years of experience in mortgage and consumer lending, capital markets, risk and regulatory compliance. Creighton partners with Board, C-suite and senior business leaders to support strategic growth and transformation initiatives, solve complex operations and risk management issues, and drive greater efficiency and profitability within an organization. Before joining FTI Consulting, Creighton’s career trajectory included tenured stops at Merrill Lynch, Daimler Benz, JP Morgan Chase, BBVA Compass (Now PNC) and Texas Capital Bank. Most recently, he served as Chief Lending Officer for consumer portfolios at First United Bank, where he was responsible for strategically driving origination’s growth, expanding the capital markets investor shelf and overseeing risk for the firm’s mortgage servicing asset. Over the span of his career, Creighton has helped lead several de novo corporate lending and servicing startups inside U.S. federally regulated financial institutions. He has also coordinated major business transition and restructuring operations missions both in the United States and abroad. Internationally, Creighton was responsible for building and overseeing a $25 billion distressed asset lending and servicing operation in Mexico. In addition, he has coordinated both commercial and residential due diligence, acquisition and audit activities for U.S. institutional investors and in-country seller counterparties to drive strategic outcomes and mitigate financial risk across Latin America.

Partner, CrossCheck Compliance LLC

Todd is a seasoned mortgage executive with over 25 years of experience in mortgage lending. His background spans both portfolio investing and mortgage banking, giving him a comprehensive understanding of the industry’s operational landscape. At CrossCheck Compliance, Todd leads the Loan Review and Litigation Support practices. In his role, Todd oversees a wide range of services within the Loan Review practice, including pre-funding quality assurance, post-closing quality control, operational audits, and reviews related to repurchase, fraud, and servicing. He also directs the Litigation Support practice, which provides expert analysis, file reviews, reporting, and testimony in matters involving mortgage-backed securities, underwriting, and repurchase disputes.

Senior Principal Product Management, Cotality

Matt Seguin holds the position of Senior Principal, Product Management-Fraud at Cotality, where he leads the delivery of fraud risk management solutions for the mortgage industry. Matt has more than 20 years of experience in mortgage lending risk, making him well versed in all aspects of mortgage fraud, including managing fraud investigations, developing fraud risk programs, and delivering analytics to guide decision making. Prior to joining Cotality, Matt was SVP-Risk at Lakeview Loans. He earned a bachelor's degree in business management from Robert Morris University.

Director, Mortgage Fraud Investigations, Fannie Mae Single-Family

Sean Sowards is Fannie Mae’s Senior Director of Mortgage Fraud Investigations, reporting to the Vice President, Financial Crimes. Mr. Sowards is responsible for overseeing operations of Fannie Mae’s mortgage fraud program and ensuring compliance with Bank Secrecy Act laws and regulations. He also serves as Fannie Mae’s liaison with industry, regulatory, and law enforcement partners with respect to mortgage fraud matters. Before assuming his position with Fannie Mae, Mr. Sowards served 25 years in federal law enforcement, retiring in 2017 as the Director of Field Operations for the Criminal Investigation Division of the Internal Revenue Service. Prior to joining the IRS, he was a Special Agent with the US Department of Housing and Urban Development, Office of Inspector General.