The Hon. Brian D. Montgomery, FHA Commissioner and Assistant Secretary for Housing, U.S. Department of Housing and Urban Development, headlined a powerful lineup of industry professionals who gathered Monday as part of the Legal League 100 Servicer Summit. A long-running industry tradition, this latest Summit unfolded as part of the annual Five Star Conference and Expo at the Hyatt Regency in Dallas, Texas.
Montgomery spoke about his return to HUD during a Q&A with Five Star Institute President and CEO Ed Delgado. Having served as FHA Commissioner from 2005 to January 2009, Montgomery stepped back into the role in May 2018, following his nomination by President Donald J. Trump and confirmation by the Senate. Montgomery also previously served as Vice Chairman of The Collingwood Group and, before initially joining HUD, he worked in the Executive Offices of President George H.W. Bush and President George W. Bush.
Montgomery’s Q&A came amidst a day filled with networking and education opportunities at the Summit, a biannual event that brings together the League’s lineup of financial services attorneys, servicing professionals, and government representatives.
In addition to Montgomery’s Q&A, the day’s lineup included a morning keynote address by Marion McDougall, EVP & Chief Loan Administration Officer, Caliber Home Loans. The bulk of the event was divided between a half-dozen 45-minute sessions focused on a variety of topics and featuring the insights of subject-matter experts and industry professionals.
First up was “Working Smarter: Developing Effective Loss Mitigation Procedure,” which explored recent regulatory and litigation developments, as well as what procedures financial services law firms should develop to ensure full compliance. The “Pulling in the Same Direction: Collaborating to Improve Title Processes” session ran concurrently, focused on how servicers and law firms can partner to reduce title errors that can mean the difference between the transfer of an unencumbered property and lengthy litigation.
After the 10 a.m. Networking Break, the Summit picked back up with a pair of simultaneous roundtable sessions: “Keeping up With the Code: Adaptive Bankruptcy Practices” and “Litigation Developments: The Rulings That Make the Rules.” Before the lunch break at noon, attendees were able to take in both the “Creative Management: Maintaining Viability in a Low-Volume Environment” and “Inside the Lines: Navigating Emerging Regulatory Concerns” sessions.
Montgomery’s Q&A followed the lunch break, then led into the Servicer Super Session, in which Legal League 100 Chair Roy Diaz discussed trends and collaboration with a panel that included Allen Myers, Assistant General Counsel, VP, Mortgage Banking, JPMorgan Chase; Stephen Staid, SVP, PHH Mortgage; Ruth Price, First VP, Compliance & Oversight, Bayview Loan Servicing; and Ramie Word, SVP, Performing Servicing, Mr. Cooper.
To learn more about the Legal League 100, visit the official website.