Jonathan R. Kolodziej, Attorney with Bradley Arant Boult Cummings LLP to Speak at The Knowledge Group’s The CFPB's Mortgage Servicing Rules: Where Are We Now?
New York, NY, September 29, 2016 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Jonathan R. Kolodziej, Attorney with Bradley Arant Boult Cummings LLP will speak at The Knowledge Group’s webcast on The CFPB's Mortgage Servicing Rules: Where Are We Now? This event is scheduled for October 26, 2016 from 12:00pm – 2:00pm (ET).
For further details, please visit: https://theknowledgegroup.org/event-homepage/?event_id=1771
About Jonathan R. Kolodziej
Jonathan Kolodziej is an associate in Bradley's Birmingham office, where he represents banks, non-banks and other financial service providers in regulatory compliance, enforcement and litigation matters. He helps clients ensure that their operations are in compliance with federal consumer financial laws and that they are able to successfully demonstrate their compliance to the Consumer Financial Protection Bureau (CFPB) and other federal and state regulators. In this role, Jonathan helps clients assess the impact of new rules and regulations and adapt to changes in the regulatory environment. He regularly assists clients with the implementation of significant regulatory changes, including the mortgage servicing rules in Regulations X and Z, and has also advised some of the nation’s largest financial institutions in preparing for and managing their CFPB examinations.
About Bradley Arant Boult Cummings LLP
Bradley is a national law firm with a reputation for skilled legal work, exceptional client service, and impeccable integrity. We provide business clients around the world with a full suite of legal services in dozens of industries and practice areas. Bradley’s eight offices are located in Alabama, Florida, Mississippi, North Carolina, Tennessee, and the District of Columbia, giving the firm an extensive geographic base to represent clients on a regional, national, and international basis.
Abstract
The mortgage servicing industry has been living with the 2013 Mortgage Servicing Rules since its January 10, 2014 effective date. Life under these rules has been very painful to the industry. Just when things did not seem like they could get any worse, on December 15, 2014 the Consumer Financial Protection Bureau (“CFPB”) released its 2014 Proposed Mortgage Servicing Rules. On August 4, 2016 those proposed rules were finalized (the “2016 Mortgage Servicing Rules”) and the mortgage industry has approximately one year to develop systems and procedures to comply with these new rules.
The 2016 Mortgage Servicing Rules contain major changes in the way loans must be serviced. Major areas of change include the following: successors in interest; definition of delinquency, handling of early intervention, loss mitigation and periodic statements where one or more of the borrowers is in bankruptcy, and actions that must be taken where the new rules conflict with the Fair Debt Collection Practices Act. With these changing regulations, it is imperative to stay up to date and have a clear understanding of the requirements and regulations in order to remain compliant and efficient. In addition, there are immense technology challenges that must be overcome to comply with the new rules.
In this two-hour LIVE Webcast, a panel of distinguished professionals and thought leaders organized by The Knowledge Group will help you understand the important issues surrounding CFPB's changes to Mortgage Servicing Rules, identifying best practices to ensure compliance.
Key Topics include:
- 1024.41 Requirements and Regulations
- Understanding what makes a loan modification package complete
- Assessing actual damages for a claim
- Understanding who are successors in interest and the rights they have
- When is a loan delinquent and what requirements flow from that date
- How and when should the early intervention, loss mitigation and periodic statements requirements be fulfilled when a borrower is in bankruptcy.
- How can a servicer comply with both the Fair Debt Collection Practices Act and the CFPB's mortgage servicing requirements.
- What new technology challenges are imposed by the 2016 Mortgage Servicing Rules
About The Knowledge Group/The Knowledge Congress Live Webcast Series
The Knowledge Group was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register for an event, please visit: http://theknowledgegroup.org/
For further details, please visit: https://theknowledgegroup.org/event-homepage/?event_id=1771
About Jonathan R. Kolodziej
Jonathan Kolodziej is an associate in Bradley's Birmingham office, where he represents banks, non-banks and other financial service providers in regulatory compliance, enforcement and litigation matters. He helps clients ensure that their operations are in compliance with federal consumer financial laws and that they are able to successfully demonstrate their compliance to the Consumer Financial Protection Bureau (CFPB) and other federal and state regulators. In this role, Jonathan helps clients assess the impact of new rules and regulations and adapt to changes in the regulatory environment. He regularly assists clients with the implementation of significant regulatory changes, including the mortgage servicing rules in Regulations X and Z, and has also advised some of the nation’s largest financial institutions in preparing for and managing their CFPB examinations.
About Bradley Arant Boult Cummings LLP
Bradley is a national law firm with a reputation for skilled legal work, exceptional client service, and impeccable integrity. We provide business clients around the world with a full suite of legal services in dozens of industries and practice areas. Bradley’s eight offices are located in Alabama, Florida, Mississippi, North Carolina, Tennessee, and the District of Columbia, giving the firm an extensive geographic base to represent clients on a regional, national, and international basis.
Abstract
The mortgage servicing industry has been living with the 2013 Mortgage Servicing Rules since its January 10, 2014 effective date. Life under these rules has been very painful to the industry. Just when things did not seem like they could get any worse, on December 15, 2014 the Consumer Financial Protection Bureau (“CFPB”) released its 2014 Proposed Mortgage Servicing Rules. On August 4, 2016 those proposed rules were finalized (the “2016 Mortgage Servicing Rules”) and the mortgage industry has approximately one year to develop systems and procedures to comply with these new rules.
The 2016 Mortgage Servicing Rules contain major changes in the way loans must be serviced. Major areas of change include the following: successors in interest; definition of delinquency, handling of early intervention, loss mitigation and periodic statements where one or more of the borrowers is in bankruptcy, and actions that must be taken where the new rules conflict with the Fair Debt Collection Practices Act. With these changing regulations, it is imperative to stay up to date and have a clear understanding of the requirements and regulations in order to remain compliant and efficient. In addition, there are immense technology challenges that must be overcome to comply with the new rules.
In this two-hour LIVE Webcast, a panel of distinguished professionals and thought leaders organized by The Knowledge Group will help you understand the important issues surrounding CFPB's changes to Mortgage Servicing Rules, identifying best practices to ensure compliance.
Key Topics include:
- 1024.41 Requirements and Regulations
- Understanding what makes a loan modification package complete
- Assessing actual damages for a claim
- Understanding who are successors in interest and the rights they have
- When is a loan delinquent and what requirements flow from that date
- How and when should the early intervention, loss mitigation and periodic statements requirements be fulfilled when a borrower is in bankruptcy.
- How can a servicer comply with both the Fair Debt Collection Practices Act and the CFPB's mortgage servicing requirements.
- What new technology challenges are imposed by the 2016 Mortgage Servicing Rules
About The Knowledge Group/The Knowledge Congress Live Webcast Series
The Knowledge Group was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register for an event, please visit: http://theknowledgegroup.org/
Contact
The Knowledge Group
Thomas LaPointe, Jr., Executive Director
646-844-0200
www.theknowledgegroup.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
Thomas LaPointe, Jr., Executive Director
646-844-0200
www.theknowledgegroup.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
Contact
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