New Mortgage Servicing Rules – Successors in Interest and Bankru


Presented by:
John Burnett

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Some of the most challenging changes in the CFPB's 2016 Mortgage Servicing Rules under Regulations X and Z, (which were corrected on June 27, 2017, and again on October 4, 2017), have an effective date of April 19, 2018. These changes affect major aspects of mortgage loan servicing and will have an impact on servicers' procedures. There are significant changes for large servicers, and even small servicers will be affected by some of amendments to the regulations.

In this two-hour presentation, BOL Guru John Burnett will analyze the changes created by new requirements for working with successors in interest, as well as the periodic statement challenges involved when a borrower enters (and exits) bankruptcy proceedings.

Loan servicing management and personnel, compliance officers, auditors.

About the Speaker: John Burnett is a 1979 alumnus of the ABA National Compliance School, and served on its faculty for several years. He graduated with honors with the Class of 1990 from ABA's Stonier Graduate School of Banking. He is also a graduate of the BAI's and the Massachusetts Banker Association's School of Banking.

He joined Cape Cod Bank and Trust Company in 1971 and assumed his role as Compliance Officer in 1976. He also served as corporate secretary and secretary of CCBT's Board of Directors, as well as Clerk of the bank's holding company. John joined Glia Group, Inc., and became a part of the BOL Team in June, 2004.

Mr. Burnett is a former member chair of the Massachusetts Bankers Association Legal and Regulatory Compliance Committee, and of the American Bankers Association Compliance Executive Committee and NCS/NGCS Advisory Board. He served on ABA's Truth in Savings Task Force, and has served on several ABA and Massachusetts Bankers seminar panels.

This program was recorded in its entirety in April 2018. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

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  • Model: cd_servicing0418
  • Manufactured by: Glia Group, Inc.

This product was added to our catalog on Tuesday 13 March, 2018.

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