Mayer Brown LLP
Phillip Schulman is a partner in Mayer Brown’s Washington, D.C., office and a member of the Consumer Financial Services group. His practice focuses on a range of matters related to real estate finance, mortgage banking and consumer finance in both the primary and secondary markets. He represents companies in the mortgage lending, title insurance and real estate industries in connection with administrative and regulatory compliance matters, including those involving the Consumer Financial Protection Bureau (CFPB), the Department of Housing and Urban Development (HUD), the Department of Veterans Affairs (VA), Ginnie Mae, Fannie Mae and Freddie Mac.
He advises clients on matters related to approval, origination and servicing requirements under the US Federal Housing Administration’s single-family loan programs. He also defends companies in connection with governmental audits, investigations and enforcement proceedings, before, among others, the CFPB, HUD, the VA, the DOJ and the Federal Trade Commission, with particular focus on defense of False Claims Act, Financial Institutions Reform, Recovery, and Enforcement Act, Mortgage Review Board and Real Estate Settlement Procedures Act (RESPA) enforcement matters.
Schulman develops and analyzes proposed business plans and drafts related agreements and disclosures based upon applicable federal and state laws, regulations and rules, such as RESPA, the Truth-in-Lending Act, the Equal Credit Opportunity Act, the Fair Credit Reporting Act, the Fair Housing Act, state licensing laws, consumer credit laws, usury laws, unfair and deceptive trade laws and real property laws.
Schulman has authored dozens of articles on issues affecting the settlement service industry, and is a frequent contributor to October Research and other publications.
Director of Regulatory Compliance
Leslie Wyatt is the Director of Regulatory Compliance at SoftPro. She began her career in the real estate industry over 20 years ago and joined SoftPro in 2002. Leslie has held various positions in training, consulting, research and development, compliance and business integrations with her primary focus being on regulatory and compliance issues.
Wyatt is a member of the ALTA TRID Implementation Task Force, the Title Action Network Steering Committee, the ALTA Government Affairs Committee, ALTA Membership Committee, and the TLTA Federal Issues Committee. She has represented ALTA at a congressional briefing regarding the CFPB and the upcoming regulatory changes. Wyatt continues to work on various projects regarding the TILA-RESPA final rule.