The title insurance and mortgage lending industry will begin to feel the sting of implementing the newly integrated mortgage disclosure forms soon enough. And while challenges always present themselves when dealing with new regulations, planning ahead and following the advice of industry experts can lead companies to a smooth transition and successful implementation. But title companies are urged to start now in order to manage pressure points and reduce the disruption in business operations when it comes time to comply.
The Title Report and sponsor WFG National Title Insurance Company are offering this exclusive webinar to provide title companies instruction on implementing the Consumer Financial Protection Bureau’s (CFPB ) mandated mortgage disclosure forms. Join us as we hear from several industry leaders including: Richard Horn, who was instrumental in writing the final rule; Vincent Danzi of OneTitle National Guaranty Company Inc.; and Leslie Wyatt, of SoftPro. The three together will offer an in-depth look at:
- What your implementation plan should include;
- What is involved in implementing the new rule;
- What is required from the closing agent;
- What enforcement will look like;
- Software implementation best practices; and
- Settlement agent concerns.
During the webinar, each speaker will provide practical instruction on implementation considerations; engage in a panel discussion with moderator Charles Cain, of WFG National Title Insurance Co.; and offer a Q&A segment to address questions from the participants.
It has been said that the new rule is not like the 2010 RESPA mortgage disclosure reform. It is different: And implementation considerations need to be looked at now in order to plan for a smooth transition in 2015. Join us and learn what you should be doing to prepare.
With your recording you will receive the full PowerPoint presentation along with related articles from October Research LLC publications.
Senior Vice President and General Counsel, OneTitle National Guaranty Company, Inc.
Vincent G. Danzi is senior vice president and general counsel of OneTitle National Guaranty Company Inc., a title insurance underwriter headquartered in Manhattan, New York. Vincent graduated from the University of Texas at Austin with a bachelor’s degree in History in 1995, and earned his law degree in 2000 from the State University of New York at Buffalo. He lectures, writes, and otherwise contributes to the publications and seminars of such organizations as The New York State Land Title Association, the Title Appraisal Vendor Management Association, October Research LLC, and The New York State and Suffolk County Bar Associations.
Vincent was a featured speaker at the 2011 National Settlement Services and Compliance Summit in Cleveland, Ohio, the American Conference Institute’s Residential Mortgage Litigation & Regulatory Enforcement Conference in January, 2013, in San Francisco California, and the American Conference Institute’s Bank and Non-Bank Mortgage Servicing Conference in November 2013, in Washington D.C.
Partner, Dentons US LLP
Richard Horn is a partner in Dentons’ Capital Markets practice. He joined the firm from the U.S. Consumer Financial Protection Bureau (CFPB), where he served as senior counsel and special advisor in the Office of Regulations. At the CFPB, Richard led the final rulemaking for the integrated disclosures under the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA). He also led the CFPB’s design of the proposed integrated disclosures as well as the qualitative and quantitative consumer testing of the disclosures.
Richard advises clients on all state and federal regulatory compliance matters for consumer lending, including residential mortgage loans. He focuses on regulations issued by the CFPB, as well as other federal financial and banking regulations, state high cost lending laws and state licensing laws. He also advises clients on CFPB investigations and enforcement actions.
Prior to joining the CFPB, Richard was a senior attorney at the U.S. Federal Deposit Insurance Corporation (FDIC) in New York. At the FDIC, he supported the agency on both consumer compliance and risk management matters. He was also previously at the law firm of Thacher Proffitt & Wood.
Director of Industry Relations, SoftPro
Leslie Wyatt began her career in the real estate industry 17 years ago, and joined SoftPro in 2002. Since joining SoftPro, Leslie has held various positions in training, consulting, research and development, compliance and business integrations. For the last several years, Leslie has been a part of the research and development team, focusing on regulatory and compliance issues.
Leslie is a member of the American Land Title Association’s Implementation Task Force, the Title Action Network Steering Committee, the Membership Committee, the Government Affairs Committee and the Education Committee. She also services on the TLTA Federal Issues Committee. She has represented ALTA at a congressional briefing regarding the Consumer Financial Protection Bureau (CFPB) and the upcoming regulatory changes. Leslie is currently working with Fannie Mae on the HUD-1 Innovation challenge and continues to work with the CFPB on the current Know Before You Owe project and the Integrated Mortgage Disclosures Final Rule.
Senior Vice President, Agency Manager, Midwest
WFG National Title Insurance Company
Chuck Cain is senior vice president, agency manager, Midwest, for WFG National Title Insurance Co. Chuck has been in the title insurance industry since 1977. He is a graduate of The Ohio State University and the Salmon P. Chase College of Law at Northern Kentucky University. He is admitted to practice in Ohio and Kentucky, several federal district courts and the U.S. Court of Appeals for the 6th Circuit. He is former chair of the Real Property section of the Cincinnati Bar Association, a former director of the Cincinnati Mortgage Banker's Association and a recipient of a special citation from the U.S. Department of Housing and Urban Development concerning Fair Housing Best Practices.
A native Cincinnatian, he has been a licensed title insurance agent for over 25 years and was an owner-operator of his own agency for 18 years. He has spoken before the American Land Title Association, Ohio Land Title Association, the Indiana Land Title Association, the Michigan Land Title Association, the Missouri Land Title Association, RESPRO, the National Settlement Services Summit, Title Radio, and numerous other groups and classes on the topic of title insurance and compliance. He is also the president of consulting firm Alliance Solutions, LLC.