Risk Management, QA & Fraud Prevention Forum 2016 September 28 to 30, 2016 Wednesday, September 28, 2016 8:00 AM - 3:15 PM

MBA Education: HMDA Implementation Workshop (Separate Registration Required. Receive $100 off when you register for this and the RMQA Forum.) Location: Platinum Ballroom C, 2nd Floor

Join MBA Education and the Compliance Essentials program for a full-day discussion on the new Home Mortgage Disclosure Act (HMDA) Rule. Hear from a panel of MBA and industry experts who will discuss all aspects of the Rule including the implementation, compliance and possible fair lending and risk management challenges it will present for mortgage lenders. To receive $100 off when you register for both this workshop and the RMQA Forum, contact [email protected].

9:00 AM - 3:00 PM

MBA Education: Collateral Underwriting Workshop (Separate Registration Required. Receive $100 off when you register for this and the RMQA Forum.) Location: Olympic 2, 3rd Floor

This workshop is designed for underwriters, collateral reviewers, quality control auditors and processors of all experience levels. Join MBA Education for a one-day workshop designed to cover the overall aspects of appraisal underwriting for conventional and government loans. Attendees will have the opportunity to engage in an open forum to discuss appraisal analysis and best practices for leveraging technology. As an added bonus, along with instructor Alice Alvey (Senior Vice President – Mortgage Learning, Indecomm Global Services), a representative from Fannie Mae will be on hand to provide an overview of Collateral Underwriter and answer questions. This workshop will help improve your decision-making ability, loan file quality and increase productivity throughout the processing and underwriting process.

To receive $100 off when you register for both this workshop and the RMQA Forum, contact [email protected]. Attendees should expect to gain and understand: Understand why underwriters and appraisers don't agree (and they are both right!) Describe unacceptable practices and how they apply day to day Recognize red flags in exhibits and market conditionsUnderstand how to apply common sense and secondary market requirements to comparables See appraisal trends from Fannie Mae's analysis of over 20 million appraisals submitted to UCDP® Separate fact from fiction on Fannie Mae property eligibility and appraisal policies Understand the Collateral Underwriter® application including the score, flags, and messages Discuss best practices for lenders and appraisers

12:00 PM - 6:00 PM

Registration Location: Platinum Ballroom Foyer, 2nd Floor

1:00 PM - 2:30 PM

Risk Management/QA Forum Committee Meeting (Open to MBA Members; Closed to Media) Location: Platinum Ballroom A-B, 2nd Floor

3:00 PM - 6:00 PM

Exhibit Area Open Location: Platinum Ballroom Foyer, 2nd Floor

3:00 PM - 4:30 PM

Special Session: GSE Update Location: Platinum Ballroom D-E, 2nd Floor

Join representatives from Fannie Mae and Freddie Mac for an update on the critical changes taking place

that impact underwriting and QC practices. This is your opportunity to have direct interaction with representatives, ask questions and get answers to any challenges you are facing in your underwriting operations. Speakers Keith Becker, Vice President and Division Chief Credit Officer in the Single-Family Risk Management, Freddie Mac Michael Fratantoni, Ph.D., Chief Economist & Senior Vice President, Research & Industry Technology, Mortgage Bankers Association Jude Landis, Vice President, Credit Policy & Risk Management, Fannie Mae Chris Mock, Vice President, Single-Family Quality Control & Customer Eligibilty, Freddie Mac Stephen W. Spies, CMB, Vice President – Loan Quality, Fannie Mae

4:30 PM - 5:00 PM

Special Session: The Real Consequences of Bank Mortgage Lending Standards Location: Platinum Ballroom D-E, 2nd Floor

Measuring industry-wide credit availability is important for regulators, policy-makers and lenders alike. Different indexes capture different aspects of the mortgage market. This 30-minute session will review new evidence about the Federal Reserve’s Senior Loan Officer Opinion Survey on Bank Lending Practices and its relevance to your business. Speakers Lynn M. Fisher, Ph.D., Vice President, Research and Economics, Mortgage Bankers Association Benjamin S. Kay, Research Economist, U.S. Treasury at Office of Financial Research (OFR)

5:00 PM - 6:00 PM

Opening Reception in the Exhibit Area "Red Carpet" Location: Platinum Ballroom Foyer, 2nd Floor

Thursday, September 29, 2016 7:30 AM - 8:30 AM

Fraud Issues Subcommittee Meeting (Open to MBA Members; Closed to Media) Location: Platinum Ballroom F, 2nd Floor

7:30 AM - 8:30 AM

Mortgage Analytics Subcommittee Meeting (Open to MBA Members; Closed to Media) Location: Platinum Ballroom G, 2nd Floor

8:00 AM - 6:00 PM

Registration Location: Platinum Ballroom Foyer, 2nd Floor

8:30 AM - 6:00 PM

Exhibit Area Open Location: Platinum Ballroom Foyer, 2nd Floor

8:30 AM - 9:00 AM

Continental Breakfast Location: Platinum Ballroom Foyer, 2nd Floor

9:00 AM - 10:15 AM

Opening General Session: Key Issues in Risk Management - Regulators’ Perspectives Location: Platinum Ballroom D-E, 2nd Floor

Financial regulators are focusing intently on lenders’ risk management organizations and practices. Senior representatives from regulatory agencies will address the top risks they see in the mortgage market today, and discuss their expectations of risk management organizations and how risk managers and regulators can interact productively. Speakers

Michael Fratantoni, Ph.D., Chief Economist & Senior Vice President, Research & Industry Technology, Mortgage Bankers Association Pete Mills, Senior Vice President, Residential Policy & Member Engagement, Mortgage Bankers Association David Motley, Vice-Chairman, Mortgage Bankers Association, President, Colonial Savings, F.A. Jan Lynn Owen, Commissioner, California Department of Business Oversight

10:15 AM - 10:30 AM

Refreshment Break in the Exhibit Area Location: Platinum Ballroom Foyer, 2nd Floor

10:30 AM - 11:45 AM

Fraud Prevention: GSE Fraud Trends Location: Platinum Ballroom B-C, 2nd Floor

Hear from experts at Fannie Mae, Freddie Mac and HUD about the latest fraud schemes and changes in fraud trends detected at the GSE level. Panelists present detailed data-driven analysis of current fraud trends, what has changed in the past year and what has become more prevalent. Speakers Robert N. Hagberg, Director – Enterprise Fraud Risk, Freddie Mac Jennifer Horne, Vice President, Anti-Fraud and Anti-Money Laundering, Fannie Mae Matt Jones, Regulatory Assistant, Mortgage Bankers Association Thomas C. Neighbors, Assistant Special Agent in Charge, HUD-OIG Joint Civil Fraud Division

10:30 AM - 11:45 AM

Risk Management: Risk Management for Humans Location: Gold Ballroom 4, 1st Floor

How do you address human biases, interactions and the organizational issues that arise in risk management?

This session features a panel of experts experienced in working with risk management issues who will discuss how to minimize these inevitable problems through staffing, training, organizational structure and attention to the qualitative side of risk management. Speakers Stephanie D. Cohen, Sr. Vice President and Sr. Director - MPF Policy and Legal Compliance, Federal Home Loan Bank of Chicago Brian Faris, Senior Vice President, Quality Monitoring Manager, BB&T Jeffrey Rodgers, Senior Vice President, Deputy General Counsel, Mortgage & Consumer Banking, Flagstar Bank, FSB

10:30 AM - 11:45 AM

Underwriting and Compliance: Testing For Compliance - HMDA and Fair Lending Location: Gold Ballroom 3, 1st Floor

Although the new HMDA reporting requirements will not take effect until 2018, it is never too early to start preparing for the transition - this includes how you think about fair lending issues. In this session, learn how examiners are currently monitoring and conducting enforcement with respect to fair lending. Expert panelists discuss the current risk elements pertaining to fair lending, including examples of risk management processes and programs that mitigate fair lending risk, and explain how new HMDA data will change the playing field. Speakers Richard Andreano, Jr., Partner, Ballard Spahr LLP Eric Duncan, Associate, Weiner Brodsky Kider PC Marc R. Heon, Senior Manager, Financial Services Office, Ernst & Young LP Ken Markison, Vice President and Regulatory Counsel, Mortgage Bankers Association Kathleen C. Ryan, Counsel, BuckleySandler LLP

10:30 AM - 11:45 AM

Loan Quality Assurance: Measuring, Tracking and Reducing Loan Defect Rates

Location: Platinum Ballroom D-E, 2nd Floor

Get expert advice on monitoring gross and net defect rates pre- and post-closing, as well as how to diagnose root causes and communicate with the originations team. The panel discusses agency requirements for addressing defects and how to form and implement action plans that will bring down - and keep down - your defect rate. Speakers Mia Ferreira, Director of Compliance, Peoples Home Equity, Inc. Helen Law, Senior Vice President, Quality Control, Texas Capital Bank, N.A. Phil McCall, Chief Operating Officer, ACES Risk Management (ARMCO) Robert Miller-Bagley, Chief Credit Risk Officer, Hamilton Group Funding Rick L. Needles, Vice President - Quality Oversight and Initiatives, Bayview Loan Servicing, LLC David J. O'Malley, Director of Loan Quality Solutions, LoanLogics

11:45 AM - 12:45 PM

Lunch in the Exhibit Area Location: Platinum Ballroom Foyer, 2nd Floor

1:00 PM - 2:15 PM

Fraud Prevention: Spotlight - Affinity Fraud Location: Platinum Ballroom B-C, 2nd Floor

The mortgage industry has experienced a notable rise in affinity fraud schemes - investment scams that prey upon members of an identifiable class, community, religion or ethnic group. Learn about some of the latest affinity fraud schemes, where lenders should be looking for them and how they can be distinguished. Speakers Brent R. Baker, Shareholder and Director, Clyde Snow & Sessions

Robert Manchak, Senior Special Agent, FHFA OIG Nicolas Morgan, Partner, Paul Hastings LLP Michael Trabon, Associate, Weiner Brodsky Kider PC

1:00 PM - 2:15 PM

Risk Management: Briefing the Board Location: Gold Ballroom 4, 1st Floor

Senior management and board members need to be appropriately apprised of all business, regulatory and compliance risks facing the company. Attend this session for concrete guidance on how this is effectively done, and learn what is expected by the regulators ‐ including the CFPB and prudential regulators ‐ with regard to the substance and effect of reporting to board members and senior management on compliance and regulatory risk factors. Speakers Jason W. McElroy, Partner, Weiner Brodsky Kider PC Janet Parker, Senior Vice President, Risk Management, Arch Mortgage Insurance Company David K. Stein, Esq., Attorney, Bricker & Eckler, LLP Peter J. Taglia, CMB, CPA, AMP, FTN, Senior Vice President-Asset Strategies, Financial Capital Assets Corporation

1:00 PM - 2:15 PM

Underwriting and Compliance: Hot Topics in Underwriting Location: Gold Ballroom 3, 1st Floor

This sessions answers your burning questions regarding underwriting, including the roll out of Desktop Underwriter 10 and underwriting non-agency loans. Speakers Kelli Brookman, Director, Coaching and Development, Sierra Pacific Mortgage Company, Inc.

Cheri Bruno, Vice President, Underwriting, Primary Residential Mortgage, Inc. Vicki Woeckener, Manager, Credit Policy, Mortgage Guaranty Insurance Corporation (MGIC) Ben Wu, Executive Director, Loanscorecard

1:00 PM - 2:15 PM

Loan Quality Assurance: Utilizing QC Technology and Monitoring Tools Location: Platinum Ballroom D-E, 2nd Floor

Lenders are increasingly turning to technology to help tame the cost of compliance. Learn how to integrate different tools into the origination process in order to ensure loan quality while minimizing processing time. Speakers Don Effertz, Vice President, Fraud Risk Management, DataVerify Faycal Fakhry, CMB, AMP, Senior Vice President of Regulatory Compliance Services, Newcourse Communications, Inc. Michael Fiamengo, Director, NewOak Credit Services LLC Dilbert Gonzalez, Vice President of Client Services, ACES Risk Management (ARMCO) Roberta Pek, CMB, Vice President of Compliance, NewDay Financial, LLC Suresh Ramakrishnan, Senior Director, Ascendum Solutions LLC

2:15 PM - 2:30 PM

Refreshment Break in the Exhibit Area Location: Platinum Ballroom Foyer, 2nd Floor

2:30 PM - 3:45 PM

Fraud Prevention: Fraud as a Compliance Issue Location: Platinum Ballroom B-C, 2nd Floor

Is fraud more properly categorized as a risk management issue, or as a compliance issue? With a focus on

the Bank Secrecy Act and Anti-Money Laundering requirements, this session shows how the fraud department dovetails with the compliance department, and specific ways in which overlooking fraud can land lenders in trouble with regulators. Speakers Rachel M. Dollar, CMB, Partner, Smith Dollar PC Jennifer Link, AML Officer/Director of Fraud Risk, Caliber Home Loans, Inc. Matt Merlone, CFE, AVP, Product & Fraud Strategy, First American Mortgage Solutions Peggy Sasser, C.F.E., Manager of Fraud Risk and Loan Defense, Primary Residential Mortgage Corp. Linda Terrasi, Chief Risk Officer, United Shore Financial Services, LLC

2:30 PM - 3:45 PM

Risk Management: Advances in Credit Modeling and Credit Scoring Location: Gold Ballroom 4, 1st Floor

Hear experts describe new approaches to credit modeling, as well as discuss new components of credit scores. Experts will also describe alternative uses of credit scoring models, including monitoring the risk of correspondent lenders and setting loan loss reserves. Speakers Thomas Aliff, Group Manager, Analytics Consulting, Equifax Kenneth A. Bjurstrom, Principal, Financial Consultant, Milliman Richard L. Cooperstein, Ph.D., Director of Model Risk Management, Andrew Davidson & Co. Steve Holden, Vice President - Single Family Analytics, Fannie Mae Lorinda Opsahl-Ong, Vice President Modeling, Econometrics, Data Science & Analytics (MEDA), Freddie Mac

2:30 PM - 3:45 PM

Underwriting and Compliance: Condo Underwriting and Risk Management Location: Gold Ballroom 3, 1st Floor

Underwriting condominiums is more complex than underwriting single family homes. This session features a panel of experts who will discuss current issues with project approvals and strategies for underwriting nonwarrantable condos, as well as emerging risks in condo lending. Speakers Jacqueline M. Doty, Vice President, Product Management, CoreLogic Lynn M. Fisher, Ph.D., Vice President, Research and Economics, Mortgage Bankers Association Jodi Horne, Senior Risk Manager Single Family Underwriting & Pricing, Fannie Mae Sandy Lynch, Vice President, Project Approval Group, Mortgage Banking, Chase

2:30 PM - 3:45 PM

Loan Quality Assurance: Internal Audit's Role in Maintaining Quality Location: Platinum Ballroom D-E, 2nd Floor

Lenders increasingly need to demonstrate that adequate risk management controls are in place. Panelists in this session provide expert advice on the ways mortgage companies can implement an internal audit program, either internally or by engaging a third-party vendor. Speakers Jason Chan, Senior Manager, PwC Consumer Finance Group Debbie Dunn, Executive Vice President, Risk & Compliance, SWBC Mortgage Corporation Michael M. Forester, CMB, Managing Director, CrossCheck Compliance LLC Michael D. McAuley, Principal, Garrett, McAuley & Co.

3:45 PM - 4:00 PM

Refreshment Break in the Exhibit Area Location: Platinum Ballroom Foyer, 2nd Floor

4:00 PM - 5:00 PM

Special Session: FHA and VA Update Location: Platinum Ballroom D-E, 2nd Floor

Join representatives from the FHA and VA for an update on the challenges involved in government lending programs and how the agencies are addressing a changing mix of participating lenders. This is your opportunity to have direct interaction with representatives, ask questions and get answers to any challenges you are facing in your underwriting operations. Speakers Jeffrey Bolla, Program Analyst for Loan Policy, U. S. Department of Veterans Affairs Justin D. Burch, Director, Quality Assurance Division, U.S. Department of Housing and Urban Development Lynn M. Fisher, Ph.D., Vice President, Research and Economics, Mortgage Bankers Association Alberto Planas, Assistant Director of Oversight, U.S. Department of Veterans Affairs

5:00 PM - 6:00 PM

Networking Reception in the Exhibit Area "California Dreaming" Location: Platinum Ballroom Foyer, 2nd Floor

Friday, September 30, 2016 7:30 AM - 12:00 PM

Registration Location: Platinum Ballroom Foyer, 2nd Floor

7:30 AM - 11:00 AM

Exhibit Area Open Location: Platinum Ballroom Foyer, 2nd Floor

7:30 AM - 8:30 AM

CRO Roundtable Breakfast Meeting (By Invitation Only) Location: Platinum Ballroom F, 2nd Floor

8:00 AM - 8:30 AM

Continental Breakfast Location: Platinum Ballroom Foyer, 2nd Floor

8:30 AM - 9:30 AM

General Session: Emerging Risks in Mortgage Lending Location: Platinum Ballroom D-E, 2nd Floor

Join prominent chief risk officers from the lending industry as they discuss the emerging challenges facing lender risk. Discussion will include their views on credit risk, market risk and operations risk in today’s environment, along with their thoughts on balancing regulatory compliance with financial risk management. Get guidance on how to handle these issues and more. Speakers John S. Forlines, Senior Vice President & Deputy Chief Risk Officer, Fannie Mae Douglas Harris, Chief Risk Officer, First Guaranty Mortgage Corporation Clifford V. Rossi, Ph.D., Professor, Robert H. Smith School of Business, University of Maryland John Watkins, Senior Vice President-CRO, Enterprise Consumer Credit Risk, Freddie Mac

9:30 AM - 9:45 AM

Refreshment Break in the Exhibit Area Location: Platinum Ballroom Foyer, 2nd Floor

9:45 AM - 10:45 AM

Fraud Prevention: Emerging Issues - Reverse Occupancy Location: Platinum Ballroom B-C, 2nd Floor

Learn about recently emerging activities that look suspicious to mortgage lenders - but may or may not be. One example is “Reverse Occupancy” - when a borrower claims to purchase a home as an investment property, lists the rent as income in order to qualify for the mortgage, but occupies the home as a primary residence. While there’s no basis to deny these loans, it’s still viewed as a form of money laundering, so lenders must report it as a suspicious activity, leaving them liable and at risk for repurchase. Panelists explore this and other difficult situations for lenders, what red flags lenders need to look for and best practices and tools to detect and prevent this type of fraud. Speakers Bridget Berg, Senior Director, Fraud Solutions Strategy, CoreLogic Robert N. Hagberg, Director – Enterprise Fraud Risk, Freddie Mac Kevin Ludden, Fraud Industry Relations Manager, Fannie Mae

9:45 AM - 10:45 AM

Loan Quality Assurance: Property Valuation, Mortgage Analytics and QA Location: Platinum Ballroom D-E, 2nd Floor

Panelists discuss the appropriate use of different collateral valuation techniques as well as regulatory challenges in the quality assurance space. Discussion will focus on specific steps lenders can take in order to economically, efficiently and effectively assure the highest quality appraisals, and how to identify areas of potential risk. Speakers Susan Allen, Senior Vice President, Valuation Solutions Group, CoreLogic Darius Bozorgi, President & Chief Executive Officer, Veros Real Estate Solutions Katherine Kelton, Risk Manager, Wells Fargo Bank, N.A. Frank O'Neill, Jr., SRA, Chief Appraiser, Stewart Lender Services Shawn Telford, Vice President, Product Management, FNC, Inc.

9:45 AM - 10:45 AM

Risk Management: Regulatory Stress Testing Location: Gold Ballroom 4, 1st Floor

The Dodd-Frank Wall Street Reform and Consumer Protection Act requires bank holding companies (BHCs) and state member banks with total consolidated assets of more than $10 billion and less than $50 billion to conduct company-run stress tests at least once a year. This session brings together experts to discuss how mid-size BHCs and banks can comply with this requirement and provide guidance on addressing the three supervisory scenarios (baseline, adverse and severely adverse) that a BHC or state member bank must use in conducting its annual company-run stress test. Speakers Juan Calcagno, Managing Director, Credit Stress Test Modeling, MUFG Americas Ryan Charest, Senior Principal, Promontory Financial Group, LLC Richard L. Cooperstein, Ph.D., Director of Model Risk Management, Andrew Davidson & Co. Tyler T. Yang, Ph.D., Chairman and Chief Executive Officer, Integrated Financial Engineering, Inc.

9:45 AM - 10:45 AM

Underwriting and Compliance: Developing a Strategy for Underwriting Affordable Loans Location: Gold Ballroom 3, 1st Floor

In this session, experts discuss products, processes and organizational innovations designed to reach new markets and address affordability issues. Strategies for CRA lending will be discussed. Speakers Kurt Lofrano, Vice President, Strategic Quality Management, Wells Fargo Home Mortgage Dottie Sheppick, Founding Partner, Specialty Mortgage Product Solutions, LLC (SMPS) Alfreda Williams, Senior Mortgage Advisor, HomeFreeUSA

10:45 AM - 11:00 AM

Refreshment Break in the Exhibit Area

Location: Platinum Ballroom Foyer, 2nd Floor

11:00 AM - 12:00 PM

Underwriting and Compliance: BI Tools and Underwriting Productivity Location: Gold Ballroom 3, 1st Floor

The new world of regulation has forced most lenders to significantly upgrade existing technology platforms. Business information tools can harness that data to improve the efficiency of the organization. Hear from lenders and industry experts about strategies for employing report cards and other metrics to shine a light on underwriting productivity and integration in the production process. Speakers Madeline H. Johnson, CMB, Executive Financial Consultant, Milliman, Inc. Michael L. Marshall, Senior Vice President Underwriter Performance Review/QA, Citibank, NA Jon Maynell, Vice President of Client Services, Motivity Solutions Todd McGowan, Vice President, Division Business Director, First American Mortgage Solutions

11:00 AM - 12:00 PM

Fraud Prevention: Designing Internal Controls for Fraud Prevention - A Step-by-Step Guide Location: Platinum Ballroom B-C, 2nd Floor

Properly designed internal controls mitigate fraud risk and demonstrate to counter-parties that management is proactive in mitigating a company’s fraud risk. This panel provides guidance on developing and implementing a risk-assessment tool that is tailored to meet your organization's needs. Speakers Don Effertz, Vice President, Fraud Risk Management, DataVerify Wade Mjelde, Vice President | Loan Servicing QC Division, TENA Companies, Inc. Jonathan Sparks, Assistant General Counsel, Legal & Compliance, Digital Risk, LLC

11:00 AM - 12:00 PM

Loan Quality Assurance: Managing Vendors Location: Platinum Ballroom D-E, 2nd Floor

This session reviews current trends in regulatory enforcement and examinations regarding vendor management programs, and covers techniques for aligning your firm's vendor management resources appropriately. Speakers Douglas Harris, Chief Risk Officer, First Guaranty Mortgage Corporation Regina M. Lowrie, CMB, President & Chief Executive Officer, RML Advisors Julie P. Richtel, Senior Vice President, Senior Risk Officer, Everbank Michael Stallings, Executive Director, Comergence Compliance Monitoring

11:00 AM - 12:00 PM

Risk Management: Cybersecurity Location: Gold Ballroom 4, 1st Floor

Lenders continue to face threats from cybercriminals attempting to gain access to company data. Attend this session to hear about the current threat environment, as well as information sharing and standardization around information security that are taking place in order to protect borrower privacy and company data. Speakers Rick Hill, Vice President of Industry Technology, Mortgage Bankers Association Marc Loewenthal, Director, Promontory Financial Group LLC Shawn H. Malone, CISSP, CIPP/US, CTPRP, Vice President, Business Compliance, Radian Group Inc. Todd McClelland, Partner, Jones Day