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MNOTES Delving into Compliance Issues C ompliance can no longer afford to take a back seat in today's new and improved mortgage market. Whether it's government regulators, the 24/7 news media, or the average homeowner—all eyes are on mortgage professionals, making sure all i's are dotted and t's are crossed— and shortcuts are a thing of the past. Tied in closely with the issue of com- pliance is the Dodd–Frank Wall Street Reform and Consumer Protection Act and the watchdog organization it cre- ated, the Consumer Financial Protection Bureau. Now on the cusp of a new ad- ministration, many are wondering how a change in leadership will affect the future of both. Ryan Schuette explores the possibilities in "R.I.P. Dodd-Frank." Another recent headline-maker, the Fed's recent rate hike, is the topic of "Braced for Impact" by The Hon. Joseph Murin. As former President at Ginnie Mae, and cur - rent Chairman of JJAM Financial Services LLC, Murin has the industry experience and vision to weigh the short- and long- lasting impact of the Fed's current actions. Then in "Expect Delays" Patrick Sinks, CEO of MGIC Investment Corporation, examines the future of housing finance reform, and how a lack of uniform standards could delay indus - try momentum. Lastly, Xhevrije West examines the chain reaction that has been set off in the mortgage industry by the cascade of recent regulatory requirements in "The Domino Effect of Compliance." To do so, she spoke to some of the nation's top compliance technology companies, finding out what they envision for the future of mortgage compliance. As this issue shows, while the pres - sure on compliance can mean rising costs and paperwork, it has also ush- ered in an exciting new era for mort- gage professionals—an era filled with new technology and partners ready to do business with you. Learn about some of these compliance leaders in our special Compliance Guide and see how companies are rising to the challenges the changing compliance scene presents. All the best, Rachel Williams Editor 2 | TH E M R EP O RT EDITOR Rachel Williams ONLINE EDITOR Xhevrije West ONLINE CONTRIBUTORS Brian Honea Scott Morgan COPY EDITORS Krista Franks Brock Alison Rich Aly Yale CONTRIBUTORS Joseph Murin Ryan Schuette Patrick Sinks Xhevrie West CREATIVE DIRECTOR Jason Stone ART DIRECTOR Jonathon Won DESIGN DIRECTOR Sean Walker ADVERTISING Suzanne Andresen (207.443.3314) Robyn Clayton (214.525.6716) Kevin McCrea (214.525.6756) Jason Myers (214.525.6760) Lindsay Wolf (214.525.6713) CORPORATE OFFICERS CHAIRMAN & CHIEF CREATIVE OFFICER Mark Hulme PRESIDENT & CHIEF EXECUTIVE OFFICER Ed Delgado CHIEF FINANCIAL OFFICER John Harrison DIRECTOR OF HR/ACCOUNTING Ernest Gillespie ART DIRECTION Jason Stone Sean Walker Jonathon Won No part of this publication may be reproduced without written permission from the publisher. ©2016 REO Publishing LLC All Rights Reserved This publication is intended to provide accurate, authoritative, and detailed information in regard to the subject matter covered. All written materials are disseminated with the understanding that the publisher is not engaged in rendering legal advice or other professional services. Under no circumstance should the information contained herein be relied upon as legal advice as it is designed to be a source of information only. MReport strongly encourages the use of qualified attorneys or other qualified experts with regard to the subject matter covered. MReport does not guarantee the accuracy of the information and is not liable for any damages, losses, or other detriment that may result from the use of these materials. © 2011 First American Financial Corporation and/or its affiliates. All rights reserved. YOUR business is OUR business! First American Mortgage Services is laser focused on mitigating YOUR cost, risk and exposure by aligning our advanced solutions with YOUR strategic objectives and compliance needs. We are the New First American, over 120 years young, strong and financially secure. Insight | Innovation | Integrity First American Title Insurance Company and First American Mortgage Services make no express or implied warranty respecting the information presented and assume no responsibility for errors or omissions. FIRST AMERICAN and FIRST AMERICAN TITLE are trademarks owned by First American Financial Corporation. 2 | Th e M Rep o RT Publisher Jon Ball contributing editor Abby Gregory online editor theMrePort.coM Ryan Schuette coPy editors Alison Rich emily White Youree heather hill contributors phil Britt Bob Calandra eric Fox Jack Konyk Mark Lieberman creative director Jason Stone art director Jonathan Won associate art directors Bruce Sons Chanyanont Loha-Unchit design director Sean Walker advertising Dina Duncan (214.525.6740) Jason Myers (214.525.6760) Andi Zimmerman (214.525.6724) technology Toby Tull Brandon Shangraw social Media Leon McKenzie Ani Vera circulation/corresPondence Celina Avila corPorate officers chairMan & chief creative officer chief executive officer Mark hulme edward R. Delgado business develoPMent Andi Zimmerman chief financial officer John harrison director of huMan resources ernest Gillespie director of oPerations Toby Tull account executives senior account executive Donna Lott (214.525.6792) sPonsorshiPs Jason Myers (214.525.6760) account executives Renee Charles (214.525.6742) Thomas Griffin (214.525.6754) Kristin Larson (214.525.6713) Ryan McLemore (214.525.6706) Marketing Travis Bogdon Matt hulme Production Kyle Curtis Miguel Martinez Christian McCrossan concierge Celina Avila art direction Jason Stone Sean Walker Jonathan Won No part of this publication may be reproduced without written permission from the publisher. ©2011 Reo publishing LLC All Rights Reserved This publication is intended to provide accurate, authoritative, and detailed information in regard to the subject matter covered. All written materials are disseminated with the understanding that the publisher is not engaged in rendering legal advice or other professional services. Under no circumstance should the information contained herein be relied upon as legal advice as it is designed to be a source of information only. MReport strongly encourages the use of qualified attorneys or other qualified experts with regard to the subject matter covered. MReport does not guarantee the accuracy of the information and is not liable for any damages, losses, or other detriment that may result from the use of these materials. FORDEFAULTSERVICINGPROFESSIONALS THEFIVESTARINSTITUTE Follow us.