Now that the industry has had some time to work with – and adjust to – the HVCC, how has the transition been so far? How has the Code affected your business? How has it impacted your working relationships?

Join our all-star panel for Deciphering the Code: Working with the HVCC, and learn about the new relationships and challenges for brokers, lenders, appraisers, AMC's/VMC's and the GSE's... directly from the players themselves.

Find out how the dynamic between brokers/lenders and AMCs/VMCs has changed, and how that impacts the way they all do business… plus get exclusive, insightful perspective from a Fannie Mae insider.

Expect to hear and learn:

• How all parties have dealt with HVCC implementation & compliance issues... and what obstacles and changes may still lie ahead
• Changes in appraisal fees, payments, turnaround times and portability concerns
• Whether brokers and lenders are setting up their own appraisers – or turning to AMCs or VMCs for ordering appraisals – and if the latter have seen spikes in business and new clients
• The HVCC's impact on the lending community... and much more!

Perfect insight for:

• Vendor management companies
• Lenders
• Mortgage bankers and brokers
• Appraisers… anyone interested in the changing dynamic of working with the HVCC!

Our Expert Panelists

Robert (Bob) Murphy
Senior Business Manager; Property Standards; Credit Policy & Controls; Single-Family Risk
Fannie Mae

With more than 30 years’ experience, Bob Murphy has an extensive background in the real estate appraisal field. During that time frame, Murphy’s work concentrated in residential valuation in a variety of functions. He served as an officer of a savings and loan/bank, appraisal partner, and sole proprietor. Murphy also has served as an AI USPAP and residential appraisal course instructor.

In 2000, he joined Fannie Mae, where his current areas of responsibility include collateral policy guidelines, collateral valuation strategy, automated valuation issues, and special projects revolving around collateral issues from both a practical and policy perspective.

Marc Savitt
President
National Association of Mortgage Brokers

Marc Savitt has spent over twenty eight years in the financial services industry as a mortgage broker, and he is currently the owner and president of The Mortgage Center in Martinsburg, West Virginia. Marc has always been an extremely active member of NAMB and the West Virginia Association of Mortgage Brokers (“WVAMB”). He is a past-president of WVAMB and the 2008-2009 president of NAMB. Marc has served on the NAMB Board of Directors since 2005, is the former legislative committee chairman and is the founder of the NAMB consumer protection committee. He has remained active in Government Affairs, often meeting with Members of Congress, Regulatory Agencies and has testified numerous times before the U.S. House and Senate.

In 2004, Marc launched a campaign against the unfair and deceptive treatment of consumers by some of the nation’s homebuilders. His efforts have brought public awareness to certain deceptive acts and practices, such as offering consumers discounts and incentives to purchase new homes, only to require those same consumers to unknowingly repay these incentives with higher interest rates or closing costs.
Marc has traveled across the country speaking on this subject and educating consumers on how they may better protect themselves from these and other deceptive sales tactics. His work on this issue enabled HUD to update their “required use” section in RESPA , which became part of the finalized rule in 2008.

Marc has also been very active in working to increase the standards and professionalism for all mortgage originators who work with consumers. In 1999, he was involved in drafting the original West Virginia Mortgage Broker Licensing Law; and in 2002, he participated in the drafting and submission of two proposals to the West Virginia Legislature, which called for continuing education requirements for mortgage brokers and the regulation of loan originators. Both proposals have subsequently become law.

Greg Stephens
Vice President, Consumer Risk Operations Group
Bank of America

Greg Stephens is a Vice President in the Consumer Risk Operations Group of Bank of America, one of the world’s largest financial institutions serving consumers, small businesses and large corporations with a full range of banking, investing and asset management services. Bank of America has more than 100,000 associates to serve clients in 150 countries. Greg provides leadership for account managers and unit managers (275 full-time equivalents) to mitigate losses in the consumer card group within Consumer Risk Operations. Earlier, he was the Vice President, Customer Contact Group for People’s Bank where he directed all Customer Assistance Center operations in Credit Card Services. He has also held various management positions for several major financial services companies around the country. He received his B. A. in Economics and Business from Randolph-Macon College.

Francois L. Madath
President
American Reporting Company

At ARC, Francois is responsible for overall business operations – including finance and accounting, human resources, sales, marketing and process management. Francois is also the business line manager for the credit division at ARC. This involves tracking credit sales volumes, exploring new business development opportunities and client retention strategies. The credit division is also a critical component in ARC's recent expansion to provide other settlement services to the mortgage lending community.

Francois also is responsible for developing our education line into becoming an added value to our clients. Clients can use our knowledge in providing classes to their borrowers, current clients or lending staff to close more loans.

Francois’ background included working for Bank of America and Washington Mutual in the Credit Risk side of the organizations. Francois was responsible for managing multiple management tiers, several hundred employees and budgets in excess of $30 million. Francois also spent time as part of the due diligence teams focused on acquisition analysis.

“Listen, communicate, and keep it simple” are some core beliefs Francois has when working with both internal procedures and dealing with ARC’s client base. One of the advantages of ARC’s size is that we can tailor our products to the needs of our diverse client base.

Francois is a current member of the Appraisal Institute, National Credit Reporting Association (NCRA) and the Mortgage Bankers Association (MBA). Francois is also on an advisory panel for a major credit technology provider.

James Nielsen
Assistant Vice President, Loan Risk & Recovery
SunTrust Mortgage

James (JJ) Nielsen has served as assistant vice president of Loan Risk & Recovery at SunTrust Mortgage for more than two years. In that position he creates requirements for implementation of the CMS and develops policies and procedures for use and administration of the CMS. He ensures compliance by overseeing reporting, and he communicates with both internal and external customers about system performance, continuing development and enhancement of the system as specific needs evolve. Prior to joining SunTrust, Nielsen served as senior underwriter with Saxon
Capital, Inc. in Richmond, VA, and branch manager with American General Finance in Raleigh, NC Nielsen received his bachelor’s degree in business and fi nance from Liberty University in Lynchburg, VA, where he minored in music.

Kathy Coon, SRA
Chief Appraiser-Director of Appraisal Quality Control
FNC, Inc.

Kathy Coon's responsibilities at FNC include the creation of FNC's Generally Accepted Appraisal Rules®, which provide an automated review of appraisals for both compliance and risk issues. Kathy is a consultant in the detection of faulty or fraudulent appraisals and conducts training in the appraisal, quality assurance, and underwriting departments for lenders, government agencies, and law enforcement.

Kathy has served the Appraisal Institute on its board of directors and executive committee, as Chair of Education, and was twice elected chair of the Residential Appraisal Board. She is a national instructor for the Appraisal Institute and is the developer of the Appraisal Institute's seminar, Quality Assurance in Residential Appraisals: Risky Appraisals = Risky Loans. Kathy is also a member of the Mortgage Banker Association's Fraud and Ethics subcommittee and serves on MBA's Appraisal Fraud Task Force.

Kathy Coon holds degrees in business and criminal justice and is qualified as an expert witness.

Sponsor

FNC, Inc.

FNC, a software solutions company, pioneered real estate collateral information technology and includes the nation's top lenders among its clients. CMS, its Collateral Management System®, and Collateral DNA®, its data and analytics products, help clients automate their processes and data as well as make informed decisions about property valuations from origination and servicing to the secondary markets.