#USFNForum22
General Sessions that are Anything But General |
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Please note: All topics are subject to change based upon urgent or emergent issues that arise between now and June 2022.
SERVICER-ONLY NETWORKING + ROUNDTABLE
During this servicers-only session, meet and greet with your colleagues in-person, as well as explore the challenges currently affecting your work. Together, with some of the brightest minds in the industry, expand your network, identify best practices, crowdsource solutions, share lessons learned, and cultivate a resource list.
During this servicers-only session, meet and greet with your colleagues in-person, as well as explore the challenges currently affecting your work. Together, with some of the brightest minds in the industry, expand your network, identify best practices, crowdsource solutions, share lessons learned, and cultivate a resource list.
Wednesday, June 8 | 4:00P - 5:30P CT
Opening SessionA Snapshot of Success: Collaboration Aimed at Achieving Sustainable Outcomes
Show us that smile again! Join us for our very first USFN in-person conference (and opening general session!) in two years. This panel will be led by firm representatives and servicing professionals. The discussion will focus on servicing partnerships, challenges, and everything that has created this “interesting” post-pandemic world. Specifically, we will focus on: What to expect in the coming months? How are we ramping up? Where are our biggest obstacles? And how can we partner together to ensure the best possible outcomes? Thursday June 9 | 8:00A - 10:00A CT
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Introduction
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Lunch SessionA New Perspective: An Update from USFN Leadership & Peer Networking
Attendees will have an opportunity to hear directly from USFN leadership about major industry changes and challenges faced by mortgage servicers and law firms alike. Additionally, USFN board members and committee chairs will apprise attendees of the work being done on behalf of the industry, along with countless opportunities to get more involved. Topics will range from advocacy efforts, diversity and inclusion, and future events, to marketing, membership, and publications. Over lunch, attendees will also have the opportunity to catch up and get to know one another a little better during a simple and fun, but slightly structured networking activity. Thursday June 9 | 11:45A - 1:45P CT
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Welcome and introductions Attendee and program recognition
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Hot Topics Session
Focus On: The New Normal, 2022 Edition
The pandemic has, in many ways, reshaped the mortgage default environment. In this session, we will assess and discuss the “new normal” for 2022 as we transition out of the pandemic period. To facilitate this discussion, an esteemed servicer and attorney panel, with audience participation, will explore and discuss practical solutions to clear backlogs and keep files moving while avoiding undue risks and expensive mistakes. This panel will discuss challenges raised by a changing enforcement emphasis at the CFPB, real-world experience with Regulation F, developing post-pandemic case law in various jurisdictions, and the practical challenges associated with returning to “normal” from a relatively low level of default activity. Attendees can anticipate practical and proven techniques for dealing with these and more challenges.
The pandemic has, in many ways, reshaped the mortgage default environment. In this session, we will assess and discuss the “new normal” for 2022 as we transition out of the pandemic period. To facilitate this discussion, an esteemed servicer and attorney panel, with audience participation, will explore and discuss practical solutions to clear backlogs and keep files moving while avoiding undue risks and expensive mistakes. This panel will discuss challenges raised by a changing enforcement emphasis at the CFPB, real-world experience with Regulation F, developing post-pandemic case law in various jurisdictions, and the practical challenges associated with returning to “normal” from a relatively low level of default activity. Attendees can anticipate practical and proven techniques for dealing with these and more challenges.
Thursday, June 9 | 3:30P - 5:00P CT
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Backlog: Clearing an accumulation of defaulted or troubled files by bucketing defaults
- Categorize defaults so as to prevent unwarranted delay
- Pre-COVID defaults
- Re-defaults
- COVID defaults
- Techniques to ensure meeting FLADD or other filing deadlines
- Effectively responding to emergency motions to stay proceedings so as to prevent repeated delays
- Post-COVID, state-level developments since January 1, 2022
- The status of moratoria or other procedural restrictions
- State-level pandemic legislation or case law that continues to impact default servicing
- Issues with title insurance related to COVID restrictions
- What to emphasize in rapidly training new staff and bringing returning staff up to speed
- How to open lines of communication and escalation without creating chaos
- The more information, the better: increasing communication regarding and access to loss mitigation information
- The exception for close-end mortgages: “the most recent periodic statement”
- HELOCS: the most recent periodic statement plus the outstanding principle as of the statement date
- Reverse mortgages: the most recent periodic statement plus the outstanding principle as of the statement date
- Challenges with second mortgages and very old defaults: What is the best choice for “itemization date?”
GSE SessionZooming In On the GSEs & Agencies
Join us for a general session where we will zoom in (but not on Zoom, finally!) on the GSEs and agencies. Hear about the latest in post-pandemic servicing, loss mitigation, and policy updates. We will also venture into the world of predictions, offering you some highlights of what agency representatives think the future holds. Friday June 10 | 8:00A - 10:00A CT x
Pandemic servicing and loss mitigation
Policy updates |
Closing SessionThe Final View: Forum Recap & Industry Predictions
Join us for our wrap-up session where we will delve into the hottest topics from Forum. We know you’re unable to attend all 12 of the extraordinary breakout sessions we’ve prepared for you, so in this final session we’ll highlight key takeaways, as well as give participants the opportunity to discuss in more detail those issues that need to be brought into final focus for the finished picture. We will also try to paint the landscape for the future (or at least the next six months). This session will be a lively discussion with questions and answers from both our panelists and audience, as well as a list of next steps/action items. And don’t be surprised if there are prizes, too! Friday, June 10 | 11:45A - 1:45P CT
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Reg F compliance
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Content Disclaimer
All content, presentations, handouts, emails, website content, mobile app content, etc. provided by USFN in its publications, in connection with USFN events and otherwise (“Content”) is for educational purposes only, and should not be considered legal advice or a legal opinion. Every matter is different and poses a unique set of facts and circumstances. Legal advice can only be provided after analysis of all the facts and circumstances of a particular matter. In addition, all Content is current only through the date it is provided, and may change after that date due to changes in the law, custom, industry standards or best practices. We suggest that you consult with your USFN local counsel if you wish to retain a firm to provide legal advice on a particular issue or matter. Please do not hesitate to contact USFN for contact information for our firms for that purpose.
All content, presentations, handouts, emails, website content, mobile app content, etc. provided by USFN in its publications, in connection with USFN events and otherwise (“Content”) is for educational purposes only, and should not be considered legal advice or a legal opinion. Every matter is different and poses a unique set of facts and circumstances. Legal advice can only be provided after analysis of all the facts and circumstances of a particular matter. In addition, all Content is current only through the date it is provided, and may change after that date due to changes in the law, custom, industry standards or best practices. We suggest that you consult with your USFN local counsel if you wish to retain a firm to provide legal advice on a particular issue or matter. Please do not hesitate to contact USFN for contact information for our firms for that purpose.
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