Sponsor: Guild Mortgage Company
Guild Mortgage offers correspondent and fulfillment services designed to provide our partners access to a wide range of secondary and capital market options without potentially exposing their members to being cross sold or solicited by a competing depository institution. We offer FNMA, FHA, VA, RD, and Manufactured home products. Visit us at https://correspondent.guildmortgage.com/
Managing Your Mortgage Loan Originator Compensation Plan Amid a Pandemic and Refi-Mania
Tuesday, March 16th at 1pm central time
Today’s remote working environment has exacerbated some already challenging issues including the tracking of overtime. High demand for refinances has caused many to develop streamlined refinance programs with unique loan terms. What has that meant for commission plans?
Join Kris Kully and Tracy Ashfield as they dig into the compliance risks that have emerged over the last year. We’ll also discuss what could be on the horizon if the CFPB gets a new leader.
Note: Lightning Round sessions will not be recorded, so don’t miss out! They are open to ACUMA members only. Each registrant will receive a unique link and attendance will be monitored. This session will be interactive so come with your questions.
By registering for this event, you submit your information to the webinar organizer and sponsor, who will use it to communicate with you regarding this event and their other services.
Partner, Mayer Brown
Kris Kully is a law partner in Mayer Brown’s Washington, D.C. office. She concentrates her practice on federal and state regulatory compliance matters affecting providers of consumer financial products and services. Kully is a former lawyer for the Department of Housing and Urban Development, where she provided legal counsel on the mission oversight of Fannie Mae and Freddie Mac, the interpretation of the RESPA and the implementation of housing assistance and community development programs.
Tracy J. Ashfield
Tracy Ashfield is the President of the American Credit Union Mortgage Association (ACUMA), an organization with which she has had close ties for 20 years. Ashfield has worked as a consultant and subject matter expert with ACUMA since 2000. In that time, working with founder and former president Bob Dorsa, she has helped the non-profit grow from a handful of members to an organization with more than 400 mortgage-lending credit union leaders. In that same time, credit unions have seen their market share grow from 2% to nearly 9%. And ACUMA is now the premiere education and networking association for credit unions that are serious about mortgage lending. During her years with the association, Ashfield has been the curator of ACUMA’s event programming, bringing relevant and timely educational content to the growing list of members. Ashfield is a well-known figure in credit unions with nearly 30 years in mortgage banking leadership roles at numerous mortgage banking firms.