INDUSTRIES & PRACTICES

resident experts

Mortgage Banking
Dorsey’s team of mortgage banking practitioners covers the horizon of disciplines, from regulatory issues to lending and securitization transactions to enforcement and litigation matters.

Overview

The mortgage banking industry faces an increasingly complex regulatory landscape, affecting all aspects of the business.  Dorsey’s Consumer Financial Services practice group includes attorneys with decades of regulatory experience, including attorneys with deep experience working inside the mortgage banking industry.  Not only do they guide clients through the maze of compliance issues faced on a daily basis, they work closely with Dorsey’s skilled transactional, enforcement and litigation teams to ensure that our mortgage banking clients receive the practical and informed advice necessary for success.

Regulatory Counseling and Compliance

Dorsey’s regulatory attorneys counsel clients on a broad range of mortgage banking matters, covering both regulated institutions and regulated activities.  We advise clients on federal consumer mortgage protection statutes and implementing regulations including: 

  • Truth-in-Lending Act (TILA)
  • Real Estate Settlement Procedures Act (RESPA)
  • TILA-RESPA Integrated Disclosure (TRID) implementation 
  • Equal Credit Opportunity Act (ECOA)
  • Home Mortgage Disclosure Act  (HMDA)
  • Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act)
  • Community Reinvestment Act (CRA)
  • Home Ownership and Equity Protection Act (HOEPA)
  • Servicemembers Civil Relief Act (SCRA)
  • Telephone Consumer Protection Act (TCPA)
  • Fair Housing Act (FHA)
  • Fair Credit Reporting Act (FCRA)
  • Fair Debt Collection Practices Act (FDCPA)
  • Fair and Accurate Credit Transactions Act (FACTA)
  • Gramm-Leach-Bliley Act (GLBA)
  • Dodd-Frank Wall Street Reform and Consumer Protection Act
  • Derivatives regulation
  • UDAAP
  • National Bank Act (NBA)

In addition to the federal regulations noted above, we provide counsel on the statutes and regulations of all 50 states dealing with residential mortgage activity, including advice and coordination on obtaining state mortgage lending licenses.  Our regulatory services include analyzing policies and procedures for compliance with federal and state laws, conducting due diligence, and evaluating enterprise risk and quality control systems.  This expertise informs our advice on product development issues, loan originator compensation and all other aspects of the industry.

Transactions + -
Enforcement + -
Litigation + -

Accolades

Contacts

David Scheffel
Practice Group Co-Chair
Joseph Lynyak, III
Practice Group Co-Chair

Industries & Practices

  • Banking
  • Bankruptcy & Financial Restructuring
  • Consumer Financial Services
  • Corporate Trust Services
  • Financial Services Regulatory
  • Lending Transactions
  • Securities & Financial Services Litigation & Enforcement
  • Telephone Consumer Protection Act