OSC’s CCO Offers CFPB QM Perspective in Housing Wire

OSC’s Chief Compliance Officer Offers CFPB QM Perspective in Housing Wire

January 9, 2014 – Kirk Stephens, a 20-year FDIC veteran and Chief Compliance Officer at OSC, offers his perspective and insights to Housing Wire having been directly involved in helping clients implement the Consumer Financial Protection Bureau’s extensive new Qualified Mortgage (QM) rule.

He notes testing and analyses of implementation of these new requirements is critical and that “Reports showing timelines of mortgage error resolution, force-placement notices and early intervention and loss mitigation requirements for delinquent borrowers will be paramount for their review.”  If you need assistance with these and other compliance related challenges, please contact Kirk Stephens at kstephens@oscis.com.