The settlement services industry is constantly dealing with a variety of compliance issues, from RESPA compliance and state regulations to ways to securely transfer funds. During the National Settlement Services Summit (NS3), June 1-3 at the Omni Orlando Resort at ChampionsGate in Orlando, Fla., attendees will hear from speakers on these topics and more.
The compliance track will start on Wednesday, June 1, with Matters of State, where attendees will hear directly from state regulators on regulatory trends around the country, their priorities for 2022-23 and how they should prepare their business. Andrea Golby, editor, The Legal Description, is scheduled to moderate the panel consisting of Kim Holbrook, chair of the Utah Title and Escrow Commission and vice president Old Republic Title; Chuck Myers, supervisor, RESA Investigations Section, Virginia Bureau of Insurance; Dennis Newman, examiner in charge, Colorado Department of Regulatory Agencies Division of Insurance; and Ray Wenger, chief, Bureau of Investigation, Division of Insurance Agency and Agency Services, Florida Department of Financial Services.
“As chair of the Utah Title and Escrow Commission, I work with many stakeholders to increase awareness of wire fraud’s effect on consumers and agencies,” Holbrook said. “The title industry has risen to the challenge and done a phenomenal job creating best practices that thwart the efforts of the fraudsters. I hope to highlight the importance of educating the consumer directly on the dangers of wire fraud. It’s an on-going battle. As industry insiders, we understand the issue. The real challenge these days is to reach the consumer before the fraudster does. If attendees can keep this top of mind and carry the message of direct consumer education on wire fraud, we’ll be able to keep this timely topic on the front lines to benefit the consumer and their dream of homeownership.”
On Thursday, June 2, attendees will have the opportunity to attend Eyes on D.C. Rich Horn, co-managing partner, Garris Horn LLP and Loretta Salzano, president, Franzén and Salzano, P.C., will discuss federal agencies’ latest moves, what they are monitoring and how attendees can prepare to comply.
Tracey Read, editor, RESPA News, is scheduled to moderate a discussion between Marx Sterbcow, managing attorney, The Sterbcow Law Group, and Kris Kully, partner, Mayer Brown LLP, on RESPA Step-by-Step. Sterbcow and Kully will provide a step-by-step guide to properly structuring affiliated business arrangements from start to finish. They will outline what the Consumer Financial Protection Bureau (CFPB) and state regulators want and don’t want in these arrangements.
“RESPA considerations are going to be front-and-center this year,” Kully said. “The competition for mortgage originations is going to continue to heat up, and it will be important to keep in mind all the guardrails (or as some may call them, obstacles), so that we can ensure that our creative business development ideas keep us on the right side of compliance. Since those rules are not always intuitive, our RESPA panel will provide some helpful and practical guidance to help you spot issues before they become problems.”
Attendees will also hear from Tai Christensen, director of government affairs, diversity, equity and inclusion officer, CBC Mortgage Agency, and Laura Brandao, chief growth officer and partner, EPM, on Diversifying Your Team. They will teach attendees how to attract and retain a diverse team.
“As corporate strategy continues to develop to have more diverse teams and more inclusive C-suites, I want to examine the true meaning of ‘diversity’ and how we can expand our definition of what that truly means,” Christensen said.
“Diversity is far more than including people of color and both genders on your team,” she continued. “True diversity is being inclusive of people from all walks of life, educational backgrounds, and varying racial/geographical demographics.”
There will also be a session on Real Time Payments. Cheryl Gurz, RTP product manager, The Clearing House, and John Melvin, vice president, U.S. Bank Global Treasury Management, will discuss how this alternative payment method works.
For more information on the NS3 2022, including the agenda and a list of speakers for all three days, click here. You can register for NS3 online or click here to get information on how to register via mail, fax or phone.