Regulatory Solutions Associates Earn NAMU Certification

Four Regulatory Solutions quality control and compliance analysts recently completed the required training and passed the exam requirements to earn the National Association of Mortgage Underwriters (NAMU) certification as Certified Mortgage Quality Specialists. Ross Page, Lindsey Wood, Yvonne Price and Robin Pounders recently received the certification and all joined Regulatory Solutions last year as a part of the company’s expansion.

“Our growth since 2011 has propelled us into one of the premiere mortgage quality control service providers in the country,” said Betsy Reynolds, President of Regulatory Solutions, a Certified WBENC Women’s Business Enterprise. “To keep our clients up to speed on constantly changing laws, rules and regulations, it is important that our associates have the most advanced training and certifications available.”

Ross Page joined Regulatory Solutions in June 2016 and serves as a quality control verification analyst. Previously he was with Sterne Agee/Stifel and is a 2016 graduate of The University of Alabama. Lindsey Wood graduated from Auburn University in 2012 and Samford University’s Cumberland School of Law in 2016 and worked in the financial and legal fields before joining Regulatory Solutions as an associate and compliance analyst last year. After working several years in senior underwriting and mortgage loan officer positions, Yvonne Price joined Regulatory Solutions in 2016 as a quality control analyst.

Robin Pounders also joined Regulatory Solutions in 2016 as a quality control analyst performing pre-funding and servicing quality control loan reviews to ensure accuracy and compliance with regulatory and agency requirements. She started her career in the mortgage industry in 1998 at New South Federal Savings Bank and worked in the banking and mortgage fields in a variety of mortgage loan related roles before joining Regulatory Solutions.

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HMDA Compliance Alert: CFPB Proposes New Changes

On April 13, 2017, the Consumer Financial Protection Bureau issued a much-ask-for proposal to clarify and facilitate HMDA compliance with the 2015 updates to the Home Mortgage Disclosure Act rule set to take effect next year. According to the CFPB, “The proposed changes would help financial institutions comply with the 2015 HMDA Final Rule by clarifying the information they are required to collect and report about their mortgage lending.”

“These changes are monumental to HMDA collection and reporting requirements and will require a substantial amount of planning to implement the new data fields,” stated Rhonda Wannemuehler, Executive Vice President of Regulatory Solutions. “The CFPB gave the industry about three years to become compliant to the updates released in October 2015 with most of the requirements taking effect in January 2018.”

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Consumer Financial Protection Bureau website to review the proposal and other quick references. 

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