Welcome Remarks & Program Introduction: 2:00-2:05
Track 1: 2:05-2:15 - Future Business Strategies With The GSEs
David Lykken, president and managing partner, Mortgage Banking Solutions.
The playing field has undergone seismic shifts in regards to the government-sponsored enterprises. The two powerhouses in the secondary market, Fannie Mae and Freddie Mac, are now in federal conservatorship, while Ginnie Mae has taken on unprecedented prominence. Secondary marketers will need to acclimatize their operations to meet this very different environment.
Q&A: 2:15-2:20
Track 2: 2:20-2:30 - A Due Diligence Primer
Sue Allon, president, Allon Financial
It is widely acknowledged that flaws in due diligence contributed to the current mortgage crisis. The industry needs to address these flaws, and this can be achieved through better technology to add transparency to the process, better processes to fully assess risks, a new investor-oriented approach and the potential to return liquidity to the market with improved investor confidence brought upon by better due diligence.
Q&A: 2:30-2:35
Track 3: 2:35-2:45 - How To Pass Your Fair Lending Exam
Jeffrey Robb, senior consultant and vice president of services, Wolters Kluwer Financial Services, PCi Business Analytics Group
With lending practices undergoing closer scrutiny during fair lending exams – and the results of more publicity – it is especially important to be proactive in preparing for these exams to make sure that any disparate treatment is not the result of any unlawful discrimination. A solid prevention method is the fair lending risk assessment. This assessment involves a review of lending policies, procedures and practices, as well as loan data. This session will share advice on the best way to collect and analyze this important information. Attention will be given to aligning policies and procedures to comport with increasingly rigorous requirements for today's fair lending exam.
Q&A: 2:45-2:50
Track 4: 2:50-3:00 - The New Game Plan For Mortgage Bankers
Connie Wilson, executive vice president, Interthinx
What does it take to succeed in today's difficult market? Maintaining proper control on the appraisal process, empowering underwriters with the tools and authority to make valid decisions, proper training for all members of the staff, ensuring policies and procedures are all up to date, and maintaining foolproof enterprise risk mitigation practices will be disussed in this session.
Q&A: 3:00-3:15
