This year has brought with it the implementation of thousands of pages of final rules, but much will be changing and more rules are to come.Now, the heat is on. Not only must you understand the rules, but you also face supervision, enforcement and litigation concerns.
MBA's Legal Issues and Regulatory Compliance Conference remains the preeminent legal and regulatory event exploring all of the key issues facing the mortgage industry. This year's conference will explore the very latest on:
The mortgage industry is leveraging technology like never before, streamlining processes across the spectrum of lending, servicing, investing and real estate. The combination of regulatory pressure and consumer expectations have set a high standard for efficiency and transparency, requiring a significant investment of time, money and talent to hit the right notes for both.
Ironically, the monkey on the mortgage industry’s back for the past 10 years — increasing regulation — is the very thing that forced companies to find efficiencies in every part of the process, which serves them well as they look to engage tech-savvy consumers. Even as the enforcement of some of those regulations is now in question, the long-lasting benefits of investing in automation will stand.
Mortgage banks have traditionally been slow to embrace new technologies, and while the technology that has improved efficiency, security and customer experience in a multitude of other industries (transportation, education and retail, to name a few) is finding its way into the loan production process, a lot of opportunity still exists in other stages of the mortgage life cycle.