Appraisal Bias: What the New Federal Focus Could Mean to Your Mortgage Lending Program
Tuesday, February 7, 2023, at 1 pm central time
Session Description
NCUA and other federal financial and housing regulators have started a wide-ranging review to determine whether there is bias in the home appraisal process and if so what concrete steps can be taken to combat it. HUD has initiated the focus, and NCUA, led by Chairman Todd Harper, has joined in an effort to find practical, real-world solutions to any problems that may exist. Join ACUMA President Peter Benjamin, CMB, and JeanMarie Komyathy, Deputy Director of NCUA’s Office of Credit Union Resources and Expansion and representative to the FFIEC’s Appraisal Subcommittee, as they provide perspectives on the broader topic as well as reforms that may be under consideration.
This is a particularly relevant and important emerging issue that every credit union mortgage lending professional should know about.
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- This session will be interactive so come with your questions.
- Open to anyone.
- Session will be recorded.
- 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
JeanMarie Komyathy currently serves as the Deputy Director in NCUA’s Office of Credit Union Resources and Expansion. A 27-year veteran with the NCUA, she has served as a District Examiner, Problem Case Officer, Supervisory Examiner, Director of Special Actions, and the Director of Risk Management prior to her current position. In addition, JeanMarie serves as NCUA’s representative on the FFIEC’s Appraisal Subcommittee. She is a member of the Talent Management Council and has served on detail in a variety of positions, including with the Office of Corporate Credit Unions and the US Department of Justice.
JeanMarie graduated cum laude from Marist College in Poughkeepsie, NY with a BS in Accounting, and holds a Master’s Degree in Organizational Leadership from the College of Saint Mary in Omaha, Nebraska. She is a Certified Public Accountant and was a Certified Fraud Examiner. In her free time, JeanMarie is an active community volunteer and philanthropist. She serves as Chairman of the Board of the Sigma Sigma Sigma Foundation and continues to work with collegiate and alumnae members on philanthropic projects. She also serves on the Board of Directors of the Manassas Ballet Theater where she fosters a love of the arts in her local community. JeanMarie serves as a leader and mentor, focusing on personal development and helping others reach their goals.
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.
