CMA 2021 Virtual Spring Experience

Back by popular demand: the Consumer Lending Focus Group. Whether you know you are making consumer loans, or worry that you might be, this focus group is for you. We’ll be covering two very important issues in today’s consumer world – The Ability to Repay (ATR) rule and the new Fannie/Freddie Uniform Residential Loan Application (URLA). There are probably more questions among our members about ATR than any other consumer regulation. Get the answers you need to operate safely within the confines of this reg. And find out what the new URLA is all about. With its dynamic programming, it’s a real industry game-changer. As an added bonus, you will be able to attend a demo from your preferred LOS software vendor to see how their program will work for you. This jam-packed session is a can’t miss!

The newly created Dept. of Financial Protection and Innovation (DFPI) has been given very broad regulatory authority and oversight in the world of California consumer and business finance. As the DFPI works out its core mission, wouldn’t it be nice to understand what sorts of financial activities this agency will begin to focus on? Our very own Michael Belote will interview Suzanne Martindale, the new Senior Deputy Commissioner of Consumer Financial Protection at the DFPI, to provide insight into their regulatory direction and how it might affect the private lending industry in the state. Arm yourself with insight to help navigate your business strategy within these new regulatory waters.

Are you experiencing any of the following title and escrow issues: limitations on your coverage options, the amount of coverage you can get, and the amount of cash out allowed…as well as more stringent document signing, closing, and payoff procedures? Title company policies can have a substantial impact on the private lender’s ability to do business and there is no question that some title and escrow companies view private lenders in a more negative light than institutional lenders. Stephen Rexrode will lead a presentation that will cover some of the more difficult issues you may face when working with title companies, what some lenders do to resolve or work around those issues, and what CMA and its members can do going forward to make title companies more comfortable working with responsible private lenders (like you).

Election of the 2021-2022 Board of Directors

One half-hour devoted expressly to meeting as many people as possible in 4-minute increments! Speed networking is a fast-paced adventure, and one of our members’ most enjoyed programs. Lenders, vendors, brokers, and affiliates, all are welcome to meet and greet virtually. Polish off your elevator pitch and join in the fun!

Once again - your CMA provides you with free access to the greatest legal minds in the industry. Bring your legal problems, bring your compliance questions and, absolutely bring your legal pads! The information you will receive is priceless!