To help you better understand the state examination process, loan officers, compliance teams, attorneys, and others are invited to attend a free, one-hour webinar coordinated by NRMLA’s Education Committee on Tuesday, February 27, at 2 pm Eastern Time.
Webinar Title: So, Your State Reverse Mortgage Lender Examiners Are Coming—What’s Up With That?
Date and Time: Tuesday, February 27th, 2024, at 2 pm Eastern Time
- Tony Vasile, Vice President, Nonbank Supervision & Enforcement, Conference of State Bank Supervisors
- Lindsay Stenger, CMEM, Field Examiner Supervisor, Washington State Department of Financial Institutions
This NRMLA Webinar will be co-anchored by Jim Brodsky of Weiner Brodsky Kider PC (NRMLA’s longstanding Washington DC-based outside General Counsel) and his colleague, Bob Niemi, who leads the law firm’s Government Affairs practice and who is himself a former senior state regulator and currently Chair of the American Association of Residential Mortgage Regulators Industry Advisory Council.
Topics to be discussed:
- The sophisticated State Examination System (SES) organized and staffed by state regulators (through the Conference of State Bank Supervisors) to conduct periodic audits and examinations of reverse mortgage lenders licensed and supervised by them
- The current and soon-to-be further updated Reverse Mortgage Examination Guidelines (RMEGs) utilized during these Examinations.
- Key examination findings to date
- The state examination itself:
- What To Expect
- How Best to Prepare
- “To Dos” and “Not to Dos” During and Following the Examination
- Important Takeaways for NRMLA Members
- Question/Answer Opportunity with the Panel.
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Jim Brodsky, Weiner Brodsky Kider PC
Jim Brodsky is a founding member of the Washington, DC law firm of Weiner Brodsky Kider PC, who advises clients on strategic business initiatives, federal compliance and regulatory matters, mergers and acquisitions, asset purchases and sales, and secondary mortgage market transactions. As a former HUD Deputy Assistant Secretary, he has deep experience in FHA and Ginnie Mae (as well as Fannie Mae and Freddie Mac) requirements, issues, and opportunities, and also is Co-General Counsel of NRMLA. Jim is a Director of Enterprise Community Development, the nation’s fifth-largest affordable housing developer and community owner with well over a billion dollars of investments in almost 13,000 homes with more than 21,000 residents in 112 communities in four mid-Atlantic states and the District of Columbia. Jim also formerly served as a director (and as initial lead director and as chair of the Compensation Committee) of MFA Financial, Inc., a multi-billion-dollar NYSE-listed REIT that invests, on a leveraged basis, in residential mortgage financial assets and that is the owner of Lima One Capital.
Bob Niemi, Weiner Brodsky Kider PC
Bob Niemi brings a unique perspective to achieving workable outcomes for complex matters. He uses his experience and relationships to advise lenders on a wide array of regulatory and compliance matters, including licensing, examination and acquisitions. Bob’s work in the mortgage industry began over 35 years ago and includes positions held at all levels of bank and non-bank mortgage companies. Bob served as Executive Director of the Ohio Mortgage Bankers Association Board and then Deputy Superintendent for the Ohio Division of Financial Institutions. During that time, he was elected to serve as the NMLS Ombudsman, appointed to the NMLS Policy Committee and also elected to the AARMR Board of Trustees where he served as Treasurer. Since returning to the industry side in 2016, Bob has earned the Certified Mortgage Banker accreditation from the MBA.
Lindsay Stenger, Washington State Department of Financial Institutions
Lindsay Stenger is a Field Examiner Supervisor with the Washington State Department of Financial Institutions. Prior to starting her career as a Financial Examiner with Washington DFI in 2007, Lindsay attended the University of Washington where she obtained a bachelor’s degree in economics. Lindsay has spent most of her career in the field of mortgage and personal loan origination. She also holds a Certified Mortgage Examinations Manager certification from the Conference of State Bank Supervisors. In addition to single-state examinations, she has also been involved in numerous multi-state examinations. Lindsay also participates on the National Test Maintenance Committee and the SES Agency Advisory Group.
Tony Vasile, Conference of State Bank Supervisors
Tony Vasile is the Vice President of NonBank Supervision & Enforcement for the Conference of State Bank Supervisors (CSBS). In his current role, Tony serves as lead for the Nonbank section at CSBS, which is responsible for managing initiatives relating to state supervision of nonbank financial products and services, including: mortgage, money services businesses, consumer finance, and debt collection. He is lead staff for the Nondepository Supervisory Committee (NDSC) and is responsible for managing the technical and organizational support to develop multistate nonbank supervisory policies and processes. At CSBS, Tony also served as co-product owner of the State Examination System (SES), an end-to-end examination management system developed for state financial regulators. Prior to joining CSBS in March of 2015, Tony served as a financial examiner for the State of Connecticut Department of Banking for 11 years and is an alumnus of Boston University.