CFPB's New Non-Bank Registration System: Final Rule and Implementation Overview - Legislative Update by Alice Alvey
Episode description
The CFPB has issued a final rule for a new non-bank registration system, requiring lenders to self-report public orders and court actions, with compliance starting in January 2025 and public access to the registry.
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Alice Alvey, Master CMB
Vice President Partner Education and Training at Union Home Mortgage
She handles development of their World Class Training program designed to support UHM partners and organizational effectiveness.
Prior to UHM, Alice served as Senior Vice President at Indecomm leading the Indecomm-Mortgage U division, Internal QA and Compliance and SaaS technologies. Indecomm acquired Mortgage U in 2013, where Alice was President/Co-founder, providing training and consulting since 1996. Prior to MU she served as SVP of Operations at a national bank overseeing operations for wholesale, retail and correspondent from underwriting through servicing, and compliance.
She has been in the trenches of mortgage lending operations from application through servicing for over 30 years. Her authoring work in training content, policies and procedures and the FHA/VA Practical guides illustrates her ability to bridge regulatory requirements with day-to-day operations.
Alice has been a weekly contributor to the Lykken on Lending show since its beginning in April 2009 and has made her weekly contributions to 450+ episodes!