Items Tagged with 'Risk management'

ARTICLES

  • Wells Fargo picks JPMorgan Chase exec Amanda Norton as new chief risk officer

    Replacing Mike Loughlin, who is retiring
    Wells Fargo has found its replacement for Mike Loughlin, the bank’s long-time chief risk officer who announced his retirement earlier this year. Taking over for Loughlin will be Amanda “Mandy” Norton, who joins the bank from JPMorgan Chase. For the last five years, Norton has served as JPMorgan Chase’s chief risk officer of consumer and community banking.
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  • Wells Fargo sees departure of four risk management executives

    Execs set to retire throughout this spring
    As Wells Fargo continues to face further legislative action, the big bank announced the retirement of four risk management executives. The bank made an internal announcement, saying it is implementing a new design for how the company manages risk. Part of this announcement included the retirement of four of its risk management executives.
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  • From HW Magazine

    Preparing for the unexpected

    Getting in front of major risks through an enterprise management framework
    Could lenders have avoided some of the pain from the housing crisis if they had better risk management practices? Very possibly. Effective risk management intends to alert senior management and board members of the critical risks that will impact the organization’s profitability and competitiveness in the market. Is it complicated? Not necessarily, if you have a framework.
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  • From HW Magazine

    Avoiding RESPA kickback violations in the social media age

    Beware of penalties from referring business
    The CFPB is currently paying close attention to the individuals/small players, as well as the larger institutional mortgage companies. With respect to the small players, the CFPB is looking at the loan officer, real estate agent and developer. A common violation that these smaller firms or individuals commit, in addition to possible violations resulting from social media posts, stems from agreements among themselves.
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  • Fees and costs: It's time to redefine reasonable

    The road ahead for mortgage servicing must include a new set of transparent business practices
    Recent events within the servicing industry have challenged common business practice – and that means that everything that has been done in the past now needs to be re-examined, rationalized, and made transparent.
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  • From HW Magazine

    Liability for fourth-party vendors

    How far down does the rabbit hole go?
    Lenders will be held accountable for the actions of the third-party service providers they select. Will they be held responsible for the actions of fourth-party service providers — couriers, telecom providers and even cleaning services — as well?
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