SINGLE-FAMILY TRACK: Mortgage Accounting 201

Thursday, November 16, 2023 11:00 AM-12:00 PM Celestin C
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This session provides advanced learning on important topics, including Loan Sales and Securitizations and Accounting for Financing Options for MSR Assets, including excess servicing; Excess Servicing versus IO strip ; Loans Sales/Hedging - Day Two Accounting for loans held for sale after transfer to portfolio; TBA Accounting (Best efforts vs. Mandatory); Waivers for loan covenant violations/impact on disclosures; Goodwill Impairment; Disclosures for ERC or PPP audits; and Agency Liquidity Requirements.

Speakers

Moderator

  • Photo of Henry S. Chavez, CPA
    Henry S. Chavez, CPA

    Principal, Spiegel Accountancy Corp.

    Henry Chavez works with thriving organizations, serving as a strategic resource for their growth and success. Henry has provided assurance and business consulting services to privately held businesses in the financial services, manufacturing and distribution, technology, and non-profit sectors. Before joining Spiegel, Henry spent 15 years at PricewaterhouseCoopers, where he provided assurance services for international clients in banking and manufacturing and distribution. Henry holds a B.A. from the University of California, Santa Cruz, and an MBA from the University of California, Irvine. He is a licensed CPA in the state of California, as well as others around the country.

    • Speakers

  • Photo of Emily Anderson, CPA
    Emily Anderson, CPA

    Senior Manager, Plante & Moran, PLLC

    Emily is a senior manager with more than twelve years of public accounting experience. She specializes in serving clients in the financial services industry and has significant experience performing and supervising financial statement audits, agency compliance engagements, internal audits, model validations, and other accounting engagements for those clients, including mortgage companies, banks, credit unions, consumer specialty finance, and leasing companies. As a member of Plante Moran’s professional standards group, she focuses on the firm's commitment to quality and works internally and externally to assist peers and clients with implementation of complex accounting matters. Emily holds an M.S. in Accounting and a B.A. in Finance from Michigan State University.

  • Photo of Paul Chiarelli, CPA
    Paul Chiarelli, CPA

    Partner, Acquavella, Chiarelli, Shuster, LLP.

    Paul Chiarelli, CPA, is an Audit Partner at ACS and services various industries, including mortgage banking, private lending, real estate/multi-family, asset-based lenders, among others. The services provided include financial statement audits, internal control analysis, subservicing oversight, quality of earnings, etc. In addition, Paul provides consultation services with respect to various mortgage banking issues, including derivatives, allowance for loan losses, leases, regulatory changes and tax matters. Paul has a B.S. in accounting and finance from Rutgers University.

  • Photo of Tullus Miller, CPA
    Tullus Miller, CPA

    Partner In-Charge, Financial Services, Cathedral Accountancy

    Tullus serves as Practice Leader of Financial Services at Cathedral Accountancy, LLP. He has over 30 years of experience in the financial services industry with duties that includes risk navigation, M&A and other capital market activities, internal control over financial reporting (SOX 404) consulting, regulatory matters, corporate governance, financial asset transfers and securitizations, derivatives, credit risk (CECL), financial reporting and corporate strategy. Tullus works with both public and privately-held companies, including investment companies, such as private equity and venture funds, bank and credit unions, and other specialty lenders, such as leasing companies, mortgage banks and mortgage REITS.

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