RESPRO® Affiliated Business Regulatory Seminar
 Nashville ~ September 18-19

RESPRO Members $695                   TRA/RESPRO Member $795            
Non RESPRO Members $995           TRA/Non RESPRO Members $895

Each Regulatory Seminar registration from your company earns 25 points under RESPRO®’s Regulatory Achievement Program, a recognition program that rewards RESPRO® member companies that use of RESPRO® regulatory compliance resources to educate their managers, employees and/or sales agents on federal and state laws

Dodd-Frank is almost upon us!  Beginning in January 2014, Dodd-Frank regulations on Qualified Mortgages and loan officer compensation will take effect and more regulations are in the works.  The implementation of Dodd-Frank also will create new and unprecedented enforcement challenges as the Consumer Financial Protection Agency (CFPB) ramps up its enforcement and as the plaintiff’s bar pursues new targets for class action lawsuits.

There’s no better time to get the latest lay of the land as to what lies ahead in your regulatory environment than by joining RESPRO® and The Realty Alliance Mortgage and Title Groups at RESPRO®’s 2013 Regulatory Seminar in Nashville, Tennessee!

Dodd Frank is Almost Here!  Readying Your Companies for the Ability to Repay/QM Standards
The Consumer Financial Protection Bureau’s (CFPB) Ability to Repay/Qualified Mortgage Standards are scheduled to take effect on January 10, 2014.  Is your company ready?  Dodd-Frank experts will walk you through the rule’s requirements and latest guidance from the CFPB.

Navigating Your Way Through the LO Compensation Regulatory Maze
The rules governing the way mortgage companies compensate their loan officers without triggering the Dodd-Frank dual compensation, referral fee, and “points and fees” caps are complex and confusing.  In this session, you’ll get an overview of the federal regulatory framework governing loan officer compensation before the rules take effect on January 1, 2014.

How to Prepare Your ABAs for the 3% QM “Points and Fees” Cap
Mortgage lenders with affiliated settlement service businesses will be subject to different standards under the QM “points and fees” cap regardless of the outcome of the Consumer Mortgage Choice Act.  Find out how to calculate your company’s “points and fees” for purposes of determining whether your loans will trigger the cap, and get advice on how you can structure your operations to minimize the impact.

MSAs: Preparation and Practices to Mitigate Risk
Given the increase in lender net worth requirements and the QM calculations that include affiliated fees in the 3% cap, many settlement service providers have been considering marketing services agreements (MSAs) as an alternative or supplement to their affiliated businesses.  This session will cover the latest regulatory news regarding MSAs and how to structure them to be attentive to Section 8 of RESPA and related Interpretive Comments.  The presentation will also share prudent practices for valuing marketing services, verifying performance of the services, and managing marketing relationships and risks.  Finally, the speakers will discuss ways to make the resulting relationships consumer-conscious and productive for all.

Assuring Compliant MSAs:  Lessons from the Larger Players
With all the new regulatory oversight coming at the industry as well as confusion about compliance requirements for marketing service agreements (MSAs), find out about the methodology and processes the bigger players in this space have adopted to assure that their MSAs are compliant under RESPA and Dodd-Frank.

Preparing for the RESPA-TILA Integration Rule
The Consumer Financial Protection Agency (CFPB) is readying it final rule to combine RESPA and Truth in Lending Act (TILA) disclosures, which also may set new “tolerances” for affiliated businesses and require a three-day delivery requirement for the new Closing Disclosure.  What can you expect in the final rule, and how can you begin to prepare now for its implementation?

CFPB Enforcement:  The New Dynamic
The Consumer Financial Protection Bureau’s (CFPB) Enforcement Division is in full swing and just announced its first settlement against an affiliated business under HUD’s Joint Venture Standards.  What are its enforcement priorities in the mortgage arena and how can you prepare your company for a CFPB investigation?

Lessons from a RESPA Class Action Trial:   How to Avoid Becoming a Target (and How to Prevail if You Do)
Two members of the litigation team that achieved a unanimous jury verdict in favor of defendants Wells Fargo and Long and Foster in the RESPA class action Minter v. Wells Fargo will suggest practices and procedures to minimize the risk of your affiliated business becoming a target of the plaintiff’s bar – as well as advice on tactics and strategy if you do. 

Options for Mortgage Brokerage ABAs in a Dodd-Frank Environment
Wholesale lenders and mortgage brokers have unique issues under the Ability to Repay/QM and loan officer compensation rules that have caused many companies to rethink their business plans.  Learn about the Dodd-Frank rules that particularly impact mortgage brokerage operations and get options for minimizing their impact.

JV or MSA? How to Choose in Today’s Environment
Some companies are considering marketing services agreements (MSAs) as an alternative to affiliated businesses given today’s uncertain regulatory environment.  Get an overview of the pros and cons of the JV/MSA regulatory frameworks and the factors you need to consider when choosing the most appropriate model for your company.

The Latest on the Consumer Mortgage Choice Act
The Consumer Mortgage Choice Act, which has been introduced in both the House and Senate, would exclude affiliated title fees from the 3% QM “points and fees” cap and correct other inequities in its application.  Find out about the latest developments and outlook for passage of this legislation before the QM standards take effect.

Savings for Members of The Realty Alliance (TRA)
This year, RESPRO® has partnered with The Realty Alliance (TRA), a national network of the nation's leading residential real estate brokerage forms, which will be holding its Mortgage/Title meetings at the same location and week. So if you are a TRA member, you save travel time and costs, and if you aren't a TRA member, you'll have more networking opportunities!