COMPLIANCE CONVERSATIONS TRACK: Loan Originator Compensation
This session features a moderator-facilitated discussion where attendees ask questions and exchange information to learn how peers are approaching compliance challenges related to the loan originator compensation rule. Sponsored by Orrick.
Speakers
Facilitator
Jed Mayk is a partner in the Pennsylvania office of Hudson Cook and Chair of the firm’s Mortgage Lending and Servicing Practice Group. He concentrates his practice on state and federal regulatory compliance for the mortgage and home equity lending programs of banks and licensed lenders. Jed advises clients on TILA, RESPA and the other core mortgage banking laws. He is the co-Editor in Chief of HouseLaw and a co-author of the RESPA/TIL Integrated Disclosures chapter of The Law of Truth in Lending. Jed is also the author of the MBA’s Compliance Essentials: Home Equity Line of Credit Resource Guide.
Steve vonBerg is Counsel in the Washington, D.C., office of Orrick. Combining his legal skills with insights gleaned from seven years in the mortgage industry as a loan officer and underwriter, he delivers practical, business-oriented advice on regulatory compliance matters to bank and nonbank mortgage lenders and mortgage servicers. Mr. VonBerg’s practice is focused on the full spectrum of federal mortgage lending laws, particularly those that have come out of the Consumer Financial Protection Bureau (CFPB), including the Loan Originator Compensation rule, the Ability-to-Repay and Qualified Mortgage (ATR/QM) rule, and RESPA Section 8.
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