Mortgage PROFESSIONAL SOUTH CAROLINA
MAGAZINE
Your source for the latest on originations, settlement, and servicing
South Carolina Mortgage Brokers Association 1122 Lady Street, Suite 914 O Columbia, SC 29201 Phone #: (800) 758-5339 O Fax #: (803) 771-7207 Web site: www.scmba.org E-mail: membership@scmba.org 2009-2010 BOARD OF DIRECTORS Phone # Sonya L. Pitt James Fleshman Jill Blume
President
(843) 569-2812
sonya.pitt.cpf@gmail.com
President-Elect
(803) 765-4522
james@foundationmtgcorp.com jblume@banklinemortgage.com
Vice President
(864) 255-3173
Tracey DeLong
Secretary
(843) 856-6223
tracey@mfservices.com
Rene E. Green
Treasurer
(843) 521-8120
rene@beaufortmortgage.com
Kirk Amerson
Immediate Past President
(843) 576-5425
kirkamerson@gmail.com
Executive Director
(803) 771-0416
joleeg@logicsouth.com
JoLee Gudmundson
• Daily updated mortgage industry news • Industry blogs • Write your own blog • Find loan programs • Discover local and national events • Get access to video
In Novevember 2007, the federal banking agencies, the NCUA, and the FTC issued the final rules and guidelines regarding the Identity Theft Red Flags Rules and Address Discrepancies, under the Fair and Accurate Credit Transactions Act of 2003 (FACTA), implementing Sections 114 and 315 of FACTA, that amended the Fair Credit Reporting Act (FCRA). The Red Flags Rules and Guidelines implement Section 114 of FACTA, which applies to “financial institutions” and “creditors” (including all Mortgage Brokers and Mortgage Bankers), require the implementation of methodologies to detect, prevent and mitigate identity theft in connection with covered accounts and to establish policies and procedures to assess the validity of a change of address. The Red Flags Rules became effective January 1, 2008, with full compliance by the enforcement deadline of November 1, 2009. This is your last chance to comply. There will be no more extensions of the deadline. You must be ready by November 1, 2009. On Thursday, Septmber 24 at 12:00 p.m. EDT, please be our guest to hear featured National Mortgage Professional Magazine author, Jonathan Foxx, present a 60 minute webinar that will give you a comprehensive look at what you need to do to be prepared for Red Flags enforcement. This is a FREE webinar for National Mortgage Professional Magazine readers.
2009 Editorial Calendar For more information on editorial contributions, please call (888) 409-9770 and press "6" for the Editorial Department or e-mail editorial@nmpmediacorp.com.
Focus
Special Features
July 2009
Wholesale & Correspondent Update
Who’s Left in Wholesale?
August 2009
Compliance Technology
Compliance Tools Directory
September 2009
The Future of Mortgage Banking
October 2009
It’s All About the Marketing!
Lead Provider Roundup
November 2009
Growth Strategies for 2010
The 40 Under 40: The 40 Most Influential Mortgage Professionals Under 40
December 2009
Building Relationships
In this 60 minute webinar, you will learn: What are the REAL deadlines that I need to be ready for? What are the applicable statutes and definitions? What are the components of an Identity Theft Prevention Program (ITPP)? How do I assess my risk? How do I administer the program? What are the risk factors and the indicators of identity theft? The 26 Red Flag components and what applies to you! What is the structure and contents of an Identity Theft Prevention Program? How to implement your ITPP? What should be management’s response to suspicious activity and violations? Why it is important to maintain and update your policy? What are the penalties for violations of the ITPP?
Jonathan will also be available for a brief question and answer session.
*Please note that we also distribute as several other Mortgage Banker and Mortgage Broker events throughout the year
For more information visit NMPMag.com/FREERedFlagsWebinar
O AUGUST 2009
For advertising opportunities in these Focus Issues or Special Features, please call (888) 409-9770 and press "4" for the Advertising Department of e-mail advertise@nmpmediacorp.com.
SOUTH CAROLINA MORTGAGE PROFESSIONAL MAGAZINE
Issue
Jonathan Foxx
www.NationalMortgageProfessional.com O
Jonathan Foxx, former chief compliance officer for two of the country’s top publicly-traded residential mortgage loan originators, is the President and Managing Director of Lenders Compliance Group, a national and well-respected mortgage risk management firm devoted to providing regulatory compliance services, guidance, and counsel to the mortgage industry.
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