RESPA experts will be joining us at the National Settlement Services Summit (NS3) on May 19-21 in Kansas City, Mo., to share insights on the regulatory changes that are reshaping the industry in a session entitled “The Federal Shift.”
The experts include Francis “Trip” Riley, title partner and chair of the Consumer Financial Services Litigation Group at Saul Ewing; Marx Sterbcow, managing attorney of the Sterbcow Law Group; David Friend, owner of Friend Mortgage Consulting; and John Levonick, general counsel of MAXEX LLC.
“State level litigation, legislation/regulations and investigations are and will have effects on what is happening or will happen in other states,” Riley told RESPA News. “Action in one state may eventually impact your business, even if in another state.”
“State attorneys general (AGs) have never been busier policing the real estate ecosystem,” Sterbcow said. “In our session, we’ll break down the federal regulatory changes driving this shift, particularly around RESPA, affiliated business arrangements, marketing practices and vendor oversight, and translate ‘policy’ into actionable ‘practice’ for title, mortgage and real estate professionals.
“This is a genuine inflection point for the industry,” he continued. “After years of being bombarded with heavy federal regulatory oversight and shifting regulations, we’re seeing federal regulators emphasize workable guidance over ‘gotcha’ enforcement. At the same time, state AGs are stepping into that space with their own priorities and their own pace. That combination creates both opportunity and complexity: room for innovation in marketing, technology and business structures at the federal level, paired with a real need for sharper, state-by-state situational awareness.”
“Policy changes at the federal level enable the industry to seek to improve and question existing operating approaches in order to better provide consumer financial services,” Friend said. “Any changes to processes and day-to-day operations will need to hedge against both announced policies or changes thereto that do not materialize and a complete and more aggressive backlash from regulators when there is a change in administrations.”
To hear more from these experts, register for NS3 today.