Meeting/Event Information
QM - The Final Ruling??
May 11, 2021 - May 11, 2021
4:00 PM - 5:00 PM
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Zoom link to be provided the day before event
The Final Ruling?!!
The CFPB has published a final rule delaying the mandatory compliance date of the final QM rule until 10/1/22. www.consumerfinance.gov/rules-policy/final-rules/qualified-mortgage-definition-under-truth-lending-act-regulation-z-general-qm-loan-definition-delay-mandatory-compliance-date/.
However, the Bureau notes that "policies, agreements, or legislation created by parties other than the Bureau—including the PSPAs—may limit the impact of the mandatory compliance date delay, the Bureau is unable to predict how such agreements or restrictions might change in the future."
So in short: Fannie Mae and Freddie Mac still appear to be requiring new QM after July 1st on the majority of loans eligible for purchase. Are you prepared for which loans need to qualify for the revised QM rule, when you need to sell your “old” QM loans, and what additional changes can be expected? Join us in pursuit of answers on May 11 @ 4 pm.
This webinar is great for all lenders and operations personnel. Make sure you know the latest details and are compliant!
Date: May 11, 2021
Time: 4:00 pm - 5:00 pm
Location: Via Zoom Webinar (this will be recorded so you can watch afterwards)
Cost: FREE TO MMLA MEMBERS, $20 for non-Members
About our Speakers:
Melissa Kozicki
With a strong background in mortgage operations and compliance, plus over a decade in mortgage related software development, Melissa Kozicki is an expert at implementing compliance solutions through technology. She is currently Director of Compliance at Mortgage Cadence, an Accenture Company who has been partnering with lenders since 1999, offering the industry’s only true one-stop shop mortgage technology solutions designed for point-of-sale through post-closing.
Melissa is founder of the Vendor Regulatory Work Group, a forum for technologists to discuss regulatory implementation, meet with regulators and remain current on the ever evolving regulatory landscape. Melissa is a member of multiple mortgage associations and committees, and her contributions have been recognized as a past recipient of the MMBA Distinguished Faculty of the Year award and she has been honored as one of the 2015 Elite Women in Mortgage. Melissa is the author of numerous publications and training courses, including federal compliance content for NMLS-certified continuing education courses, a contributor to MBA education content, and a frequent speaker at industry conferences.
Tom Paulett
Tom is currently a Principal Product Manager at Mortgage Cadence, an Accenture Company, focused on understanding and implementing the users perspective, challenges, and opportunities.
Tom has been with Mortgage Cadence for over 7 years and brings a wealth of experience having implemented multiple compliance and GSE initiatives, including TRID 1.0 and 2.0, UCD, and URLA. Tom is a regular contributor to industry forums through Fannie Mae and Freddie Mac sessions and the MISMO organization. Tom has previously won the HousingWire Industry Insiders Award in 2016.
Thank you to 
for sponsoring this event.
Log-in information for the ZOOM meeting will be sent to all registered attendees by email the day before the event.
Policies:
Registrations made and not cancelled by May 4, 2021 must be paid in full and are not refundable.
Registration and attendance at, or participation in, MMLA meetings and other activities constitutes an agreement by the registrant to the use and distribution of the registrant or attendees’ image or voice in photographs, videotapes, electronic reproductions and audiotapes of such events and activities by MMLA.
MMLA events are non-recruiting functions! Solicitation and/or distribution of employment opportunities, including net branch/net compensation plans, is prohibited. The penalty for non-compliance with this policy is immediate expulsion from the event without a refund of fees paid to MMLA related to the event.
