Compliance Bulletin: GSEs Announce Updated Property Insurance Requirements
In an attempt to reduce costs for homeowners, the Federal Housing Finance Agency (FHFA) recently announced updated property insurance requirements for Fannie Mae and Freddie Mac. The most significant change is the removal of the strict Replacement Cost Value (RCV) mandate for certain property components, particularly for roofs. Chief Compliance Officer Kirk Stephens, CRCM, breaks down key policy updates and their effective dates. He also provides a detailed comparison of previous GSE requirements. View the newsletter PDF below.
Rescheduled: OSC Hosts ‘Loss Drafts’ Webinar April 13
Join us for OSC’s “Loss Draft Innovations” webinar on Monday, April 13 at 2 P.M. EDT! This webinar was originally scheduled for February 26th. Anyone who registered for the original date must re-register. Vicki Koglmeier, VP of Claims and Loss Administration, will share her wealth of loss drafts and claim knowledge with attendees, as well as debut the brand new iink electronic endorsements platform. Topics include: Elements of effective loss drafts servicing Strategies for loss drafts tracking Virtual inspections Expedited check handling Benefits of iink platform for property owners And more! Thomas McGrath, Chief Product Officer at iink Payments, will demo the new platform during the webinar. He will showcase the ins and outs of digital check endorsements and Automated Clearing House (ACH) of claim settlement proceeds – which ultimately speeds up timing for non-monitored claims. Don’t miss the opportunity to see the new iink platform in action, as well as get caught up on the latest loss drafts knowledge with our industry expert. Register here.
Leadership Team to Attend 2026 WSIA Underwriting Summit
Select members of the Steamboat Group and OSC leadership team will attend the upcoming 2026 WSIA Underwriting Summit March 22-25 in Nashville, Tennessee! Steamboat Group CEO Angel Cruz will be joined by OSC President Keith Gilroy and EVP José Perez de Corcho at the summit. If you would like to set up a meeting, please reach out to them directly. They would love the opportunity to meet with fellow attendees interested in learning more about our distribution and diverse solutions. This year’s event, held at the Gaylord Opryland Resort & Convention Center, gives WSIA members and carriers the opportunity to develop or further key relationships. We look forward to seeing several partners there!
OSC Attending the 2026 NPLA Conference March 15-17
OSC is excited to participate in the 2026 National Private Lenders (NPLA) Conference March 15-17 in Miami, Florida! Vernon Southerland, SVP of Business Solutions, and Logan Randall, Project Manager, will represent OSC at the event. If you are attending and would like to set up a meeting to learn more about our RiskSecure Property Investor Insurance Program and the benefits of API integration, please reach out to our team directly. They would be thrilled to share the expertise OSC delivers to the private lending industry. This three-day event for real estate professionals is the largest private lending conference in the United States. This year’s agenda includes timely presentations from industry speakers representing all facets of the real estate industry as well as plenty of networking opportunities for attendees.
OSC to Attend 2026 NFA Annual Conference
OSC looks forward to joining industry peers at the 2026 National Flood Association (NFA) Annual Conference March 15-17 in Scottsdale, Arizona! EVP of Business Development and Client Services Michael Randall, SVP of Business Development Don Curtis, and AVP of Business Development Kelson Penn will represent OSC at the event. Chief Compliance Officer Kirk Stephens, CRCM, and EVP of Tellum Advisory Joe Posavec will join the OSC team at the conference. If you attend and would like to set up a meeting with any of our team members, please reach out to them directly. On Monday, Kirk will also be a featured panelist on the “Future of Private Flood” panel. Discussions will include private flood market growth potential, as well as considerations for the recent proposal for the private market to take on more of the current NFIP policies. The two-day conference, held at the Doubletree Paradise Valley Resort, includes a jam-schedule of panels, presentations, interactive workshops, and evening receptions for networking. Attendees will have the opportunity to hear from experts about various topics on the NFIP, legal and regulatory discussions, and more. We look forward to seeing everyone in Scottsdale!
OSC Welcomes Kelson Penn as AVP, Business Development
OSC is happy to announce that Kelson Penn, a senior sales leader, has joined the OSC team as AVP of Business Development! In this role, Kelson drives revenue growth by identifying, developing, defining, negotiating, and closing deals with new clients in financial services. Kelson has nearly two decades of experience in revitalizing businesses, expanding market presence, and fostering long-term client relationships. He has a proven track record, consistently ranking in the top 10% of sales professionals across diverse industries. He is adept at leveraging data-driven insights to optimize sales processes and exceed targets. “Kelson is already establishing himself as a dedicated team member who will strive for excellence for both OSC and our clients,” said Michael Randall, EVP of Business Development and Client Services. “He is attending the National Association of Default Professionals (NADP) 2026 Annual Summit with the OSC team on his first official day at the company. His eagerness to dive in is exactly what we look for in a team member.” In 2013, Kelson started his own internet marketing company, eventually moving into the mortgage sales industry. He has led and managed various sales teams across diverse industries throughout his career, most recently working as a loan officer inspiring impressive loan growth for a California mortgage loan company. Kelson earned a degree in Business Marketing from California State University San Marcos. Known for empowering team members through mentorship and creating a culture of excellence that drives unprecedented growth, Kelson is a welcome addition to the OSC team. We are thrilled to have you as part of the team, Kelson!
OSC to Attend ICBA LIVE 2026
OSC is heading to ICBA LIVE 2026! EVP of Business Development and Client Services Michael Randall, SVP of Business Development Russell Hall, and VP of National Accounts Megan Ochoa will attend the conference held March 6-9, 2026, in San Diego, California. If you are attending and would like to set up a meeting with a team member, please reach out to them directly. ICBA LIVE is designed to be a celebration of community banking and the people who power it. Community banking professionals from around the country can gain practical insights through three ideas – community, learning, and innovation. This year’s theme – Anchored in Purpose – represents an opportunity for recalibration, with the understanding that community banks are the anchors of local communities. Attendees can pause, reflect, and realign alongside industry peers to set a bold course for the future of the community banking industry.
José Perez de Corcho Speaking at 2026 NADP Annual Summit
OSC looks forward to attending the National Association of Default Professionals (NADP) 2026 Annual Summit March 1-3 in Palm Springs, California! Michael Randall, EVP of Business Development and Client Services, Don Curtis, SVP of Business Development, and José Perez de Corcho, EVP, will represent OSC at the event. Tellum Advisory EVP Joe Posavec will also be attending. If you would like to set up a meeting with a team member, please reach out to them directly. José will also be speaking at this year’s summit. The NADP Annual Summit features servicer and asset management firms representing many of the largest default management servicers sharing about their businesses and how agents can participate in the process. The event will feature various networking opportunities, panels, and relevant conversations about today’s market. Don was recently re-elected to the NADP Board of Directors for his second term. We look forward to this year’s summit!
Kirk Stephens Co-Hosting Flood Insurance Session at FBA Conference
Steamboat Group’s Chief Compliance Officer Kirk Stephens, CRCM, will co-host a session at the Florida Bankers Association’s 39th Annual Consumer Compliance Conference March 10-12, 2026! Kirk and his co-host Teshale Smith of the American Bankers Association (ABA) discuss force-placing flood and hazard insurance during the hour-long session in Lake Mary, Florida. If you are attending and would like to set up a meeting with Kirk during the event, please reach out to him directly. The 2026 forum includes timely sessions and discussions about rule changes, enforcement trends, and practical strategies in consumer lending, deposits, risk, audits, and performance. Kirk is looking forward to speaking at this exciting event!
OSC Hosts ‘Loss Drafts’ Webinar February 26 (POSTPONED)
Update: Unfortunately, the “Loss Draft Innovations” webinar originally scheduled for February 26th has been postponed due to unforeseen circumstances. We will communicate a new date for the webinar as soon as we have it. Thank you for your patience and understanding! Original Post: Join us for OSC’s “Loss Draft Innovations” webinar on Thursday, February 26 at 2 P.M. EST! Vicki Koglmeier, VP of Claims and Loss Administration, will share her wealth of loss drafts and claim knowledge with attendees, as well as debut the brand new iink electronic endorsements platform. Topics include: Elements of effective loss drafts servicing Strategies for loss drafts tracking Virtual inspections Expedited check handling Benefits of iink platform for property owners And more! Thomas McGrath, Chief Product Officer at iink Payments, will demo the new platform during the webinar. He will showcase the ins and outs of digital check endorsements and Automated Clearing House (ACH) of claim settlement proceeds – which ultimately speeds up timing for non-monitored claims. Don’t miss the opportunity to see the new iink platform in action, as well as get caught up on the latest loss drafts knowledge with our industry expert. Fill out the form below to register.