New Supervisory Mortgage Servicing & Foreclosure Standards: For Medium & Small Institutions
Two hour tele-web seminar September 7, 2012

Consumer mortgage servicing practices are under increased scrutiny. This program will help community banks prepare to meet the enhanced standards and prepare for the future of federal oversight.


This tele-web seminar will begin on Friday, September 7, 2012 at 11:30 AM to 1:30 PM Pacific Time.



In the post-recession economy, federal agencies have placed consumer mortgage servicing practices under increased scrutiny. Recent years have seen several major inter-agency reviews, the establishment of the Consumer Protection Bureau and a nationwide consumer lending settlement. These new guidelines don’t just apply to the largest servicers-medium and community banks need to be prepared to meet enhanced standards in their examinations. In addition, as federal efforts to establish national servicing standards gain momentum, we’ll discuss how your institution can prepare for the future of federal oversight.


  • Review of Recent Federal Actions - What is the Consumer Financial Protection Bureau? Are small and medium banks subject to Independent Foreclosure Review? What problems have the General Accounting Office and Inter-agency Reviews discovered in documentation practices? Does the national mortgage settlement have implications for other financial institutions? We’ll bring you up to speed on the current regulatory environment.
  • Overview of Changes in Agency Oversight - This enhanced supervisory oversight applies to mortgage documentation, foreclosures, customer service, staffing, loan modification programs, technological systems, third-party servicing agreements, and more. In this section we’ll outline specific standards established by agencies in various actions and explain how and why they can apply to your institution.
  • The Future of Federal Oversight - What is the current status of federal efforts to establish national mortgage servicing standards? What resources are available to help banks prepare for the national standards? We’ll talk about regulatory trends and minimizing the risk of changing federal standards.


Board members, credit/loan committee members, loan officers, auditors, legal counsel, third-party servicers, foreclosure management specialists, special assets account officers, workout specialists, compliance officers and others responsible for policy design, implementation and reviews regarding foreclosure management, loss mitigation, staffing or training, third-party vendor servicing relationships, and information systems used in the management of these processes.


R. Clark Carruth, a Director with Synergist Financial is a graduate of the SMU Dedman School of Law. His practice focus is on real estate, loan workouts and federal agency negotiations. He has worked extensively with the National Association of Home Builders and various state associations to create financing and development initiatives.

Credit Information

2.0 total credits


Member price: $250.00 | Non member price $500.00