This week’s HW+ member highlight options Daniella Casseres, a accomplice at Mitchell Sandler. Casseres sits on the agency’s administration committee, which helps deepen the agency’s dedication to changing into a number one majority-women-owned and -managed monetary providers legislation agency. She additionally heads the agency’s mortgage regulatory observe group, and has an enormous background in advising mortgage firms on federal and state regulatory compliance issues, together with these involving truthful lending, licensing, privateness, and anti-money laundering necessities.
Beneath, Casseres solutions questions concerning the housing business:
HousingWire: What have been a few of your greatest takeaways from final yr’s HW Annual occasion?
Daniella Casseres: Know-how is such a giant a part of sustaining a bonus within the mortgage business.
HousingWire: Why do you assume individuals ought to attend HW Annual this yr?
Daniella Casseres: HW Annual is a superb place to get a pulse on business developments and join with distributors that may assist you to keep forward of those developments.
HousingWire: What’s your present favourite HW+ article and why?
Daniella Casseres: The opinion piece on the CFPB’s lawsuit towards NCSLT was very attention-grabbing. Whereas the case will not be getting a lot consideration within the press, the difficulty at stake may create a sea of change in how important traders view regulatory compliance of mortgage loans.
HousingWire: What has been one of many greatest studying alternatives in your profession?
Daniella Casseres: I used to be new to the mortgage business once I joined the Federal Reserve Financial institution of Chicago throughout the mortgage disaster. It was a terrific studying alternative as a result of I needed to deep dive into mortgage servicing necessities whereas supervising corrective actions on among the largest banks within the nation.
HousingWire: When do you’re feeling profitable in your job?
Daniella Casseres: I really feel like a hit at my job once I can work out sensible options for lenders. My aim is to supply them with data to assist them keep forward of regulatory necessities and make higher strategic selections.
HousingWire: What are 2-3 developments that you simply’re intently following?
Daniella Casseres: I’m intently following truthful lending enforcement actions associated to unbiased mortgage lenders and the implementation of state CRA necessities.
HousingWire: If you happen to may change or implement one piece of housing regulation, what wouldn’t it be and why?
Daniella Casseres: If I may implement one piece of housing regulation, I’d revise the mortgage origination compensation guidelines to offer flexibility on compensation for bond loans.
Many lenders implement these applications at a loss to their firm as a result of they have to compensate mortgage originators the identical on these loans whereas not with the ability to management the worth of the loans. Flexibility on mortgage originator compensation for these merchandise may lead to extra lenders providing these applications, and better entry to credit score.
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