Balancing Fair Lending Obligations with Affordable Housing Efforts
Tuesday, March 22, 2022 at 1pm central time
Sponsored by HomeAdvantage
Session Description
Credit unions understand their obligations not to discriminate in making their mortgage loans available. However, as the NCUA and other regulators have emphasized, there are new fair lending priorities and considerations, particularly as we focus on increasing access to equitable and affordable homeownership. Join ACUMA President Peter Benjamin, CMB, and industry legal expert Kris Kully to discuss how credit unions can balance their fair lending obligations with their affordable housing efforts in this new environment.
- This session will be interactive so come with your questions.
- Open and free to ACUMA members only
- Session not recorded.
- Attendance will be approved.
- By registering for this event, you submit your information to the webinar organizer and sponsor, who will use it to communicate with you regarding this event and their other services.
Speakers
Kris Kully
Partner, Mayer Brown, LLP
Kris Kully is a law partner in Mayer Brown’s Washington, D.C. office. She concentrates her practice on federal and state regulatory compliance matters affecting providers of consumer financial products and services. Kully is a former lawyer for the Department of Housing and Urban Development, where she provided legal counsel on the mission oversight of Fannie Mae and Freddie Mac, the interpretation of the RESPA and the implementation of housing assistance and community development programs.
Peter J. Benjamin, CMB
President, ACUMA
Peter J. Benjamin, CMB is the President of the American Credit Union Mortgage Association (ACUMA). A mortgage professional with 20 years of experience, Benjamin has held various positions throughout the mortgage industry including Senior Vice President of Mortgage Lending for Lafayette Federal Credit Union in Rockville, MD. During his time at Lafayette Federal, Benjamin led a high performing mortgage team that exceeded production and budget goals each year, reduced the Credit Union’s cycle times to the industry required timeframes; and improved the credit union’s application pull-through rate. As an association, Benjamin wants to see ACUMA members continue to foster the collaborative spirit that has made the association so great and work together to support the American Dream of homeownership. He sees ACUMA as a vital education arm that helps Member Credit Unions gain market share in the mortgage industry.
HomeAdvantage (formerly CU Realty Services) provides real estate services that helps credit unions increase their purchase mortgage business while saving their members money when they buy or sell a home. The company’s end-to-end real estate program is currently used by more than 120 credit unions and mortgage CUSOs across the country. Credit union members can use the program to search for homes, research neighborhoods and property values, connect to over 900 certified real estate agents, and save money at closing. When credit unions offer the program, they can attract and nurture more home-buying members, and consequently close more loans. To learn more, please visit www.homeadvantage.com.
