This year
NYAMB has experienced explosive growth
with a membership that is now more than triple what it was just last year! Let us now use our numbers to make a difference. Please come and show your support for the future of your business. Your colleagues, Lenders, Vendors and Regulators are watching. Be a member of the pack where there is strength in numbers. Let us be an unbreakable cohesive unit with one voice that is heard loud and clear! Each one of us can make a difference but "
together we can be greater than any one of us alone."
There’s a new Sherriff in Town!
Let us all welcome
Linda Lacewell, the New Acting Superintendent of the New York State Department of Financial Services
. I’m sure you are all anxious to hear about what new directives may be issued and what this may mean in terms of
new regulatory requirements for Mortgage Brokers.
This year we will not only be dealing with one of the most competitive business environments we have ever encountered but we will also be facing a multitude of new regulatory requirements and or the full force of regulatory requirements that have been implemented over the past two years or less.
1.)
What does a “fully implemented” Cybersecurity program look like and how is it
different from what you are currently doing
?
2.)
How does your AML compliance program differ from recent NYSDFS policy and what do you need to know to
bring your AML program up to date
?
3.)
What does a fully compliant Whistleblower policy look like for Mortgage Brokers and how do Mortgage Brokers implement
Whistleblower policies and procedures that satisfy your regulatory requirement
?
4.)
When will you need to have your
mandatory Sexual Harassment Policy
in place and what is involved in implementation of your program. What exactly is required for full compliance since there is absolutely no exemption for Mortgage Brokers?
5.)
Have you
updated policies and procedures to meet the most current expectations of the NYSDFS
? Now that most of us have had at least one DFS exam under the new guidelines, much will be expected of Mortgage Brokers in terms of improvement to your in-house regulatory systems.
6.)
Do you have
compliant marketing programs
? Do you have
a legal shared marketing arrangement or SMA
?
7.)
What are you using to comply with your record keeping requirements and are you up to date on
new guidelines for records management
?
Of course, the list above is just the tip of the compliance iceberg since there is so much more.
What you don’t know CAN hurt you!
I am personally extending our
Early-Bird Registration for another day so please take advantage of the registration & exhibit booth rental discounts
and register
NOW
for the NYAMB Legislative Conference & Tradeshow May 30
th
, 2019 at the Westchester Marriott in Tarrytown NY.
