Brian Webster, who played a “critical role” in the development of several key policies at the Consumer Financial Protection Bureau, including the TILA/RESPA Integrated Disclosure forms, is leaving the CFPB for Wells Fargo (WFC).
Webster joined the CFPB in Jan. 2013 as the originations program manager on the mortgage markets team. In that role, he served as CFPB’s expert in residential mortgage originations and technology.
According to Webster’s CFPB bio, he was also responsible for overseeing policy and research initiatives designed to evaluate how housing finance mechanisms work.
Webster joined Wells Fargo on Sept. 15 to lead the financial reform strategy team in the bank’s business capabilities development group.
In this role, Webster will focus on the company’s strategic direction in the evolving regulatory environment, and lead a team that interprets legislative impacts and advises the implementation and delivery teams on the effective execution of necessary changes.
While at the CFPB, Webster has was heavily involved in several major areas at the CFPB, including the Mortgage Regulatory Implementation initiative, major rulemakings such as Title XIV, TILA/RESPA and HMDA, data standardizations and the Know Before You Owe Closing Time initiative.
Additionally, Webster was also responsible for developing strategies on how to improve primary market operations and originations for residential mortgages from the viewpoint of consumer protection.
Prior to joining CFPB, Webster was the vice president of the mortgage division at Overture Financial Solutions, a software and professional services firm specializing in credit risk management and automated decision tools for lenders, investors and both federal and state financial agencies.
Before joining Overture, he held positions at Freddie Mac, PC Lender and began his mortgage banking career at Colorado Federal Savings.