Residential Mortgage Lending: Roundtable Discussion with Fannie Mae, Freddie Mac, FHA, and FEMA on Risk Management & Insurance Issues
This webinar presents an open dialogue among Law Seminar attendees and CIRMS designees with those from the "Agencies" to promote a better understanding of problems and possible solutions concerning community association risk management and insurance issues. Topics include obtaining insurance to value; determining fidelity/crime insurance limits; joint loss endorsements in mechanical breakdown policies; flood insurance for all types of community associations; and responding to mortgage lender insurance concerns.
Members: USD $69.00
Non-Members: USD
$99.00 (Join CAI and
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Special Note: This program is a recorded education session from the 2017 CAI Law Seminar.
Duration: 2 hours
Program Description
This webinar presents an open dialogue among Law Seminar attendees and CIRMS designees with those from the "Agencies" to promote a better understanding of problems and possible solutions concerning community association risk management and insurance issues. Topics include obtaining insurance to value; determining fidelity/crime insurance limits; joint loss endorsements in mechanical breakdown policies; flood insurance for all types of community associations; and responding to mortgage lender insurance concerns.
Speakers:
Clifford J. Treese, CIRMS is president of Association Data, Inc., a company specializing in community association information and data. Mr. Treese has been involved with CAI almost since its inception. He is a past president of CAI and the CAI Foundation for Community Association Research and he is a recipient of CAI’s Distinguished Service Award. Mr. Treese is author of several CAI Publications on various topics including community association risk management and insurance. He also is president of Association Consulting, Inc. a community association risk management consulting firm.
Jodi Horne is Senior Risk Manager – Single-Family Risk Policy, Fannie Mae in the Division of Underwriting, Pricing & Capital Markets. She is responsible for developing and managing project standards policy requirements published in the Selling Guide. Previously, Horne served as the Senior Risk Manager for several of Fannie Mae’s largest and most complex Seller-Servicers, and was responsible for managing the credit, operational, and counterparty risk exposure for these accounts. Prior to joining Fannie Mae in 2010, Horne was a vice-president in the residential mortgage division at Wells Fargo where she held various positions in operations, risk management, and GSE agency relations.
Patricia McMenomy is Senior Risk Manager – Single-Family Risk Policy, Fannie Mae in the Division of Underwriting, Pricing & Capital Markets. She attended the University of Maryland and earned a B.A. in Economics. She is responsible for developing and managing insurance policy requirements published in the Selling Guide, and leads or participates in research and analysis efforts on disaster risks for Fannie Mae. Prior to joining Fannie Mae in 2013, Patty served as a Vice President for several of Fannie Mae’s largest Seller-Servicers, responsible for Mortgage Operations, Compliance, Quality Control, Mortgage Banking Internal Audit and Document functions.
Joanna Kuczma is a Housing Program Officer in the Office of Single Family Program Development at the Department of Housing and Urban Development where she works on a wide range of mortgage lending issues, including her current assignment as the Condominium Project Team Lead. Her current responsibilities include development and implementation of FHA condominium policies. She has been employed with HUD/FHA for over thirty-one years and began her career in the Tampa Field Office as a Clerk-Typist.
Kevin Hickey is a Director, Collateral Risk Policy, Single Family Mortgage Credit Risk at Freddie Mac. He is responsible for development and recommendation of policies and strategies for condominium project, cooperative share loan and PUD/Leasehold/Manufactured Housing-related initiatives and technology oriented projects. Prior to joining Freddie Mac in 2010, Hickey served as a Senior Product Manager at Fannie Mae from 1996-2010. He developed Guide policies, new products, pilots and initiatives for affordable housing, including REO products and pilots (HomePath).
John Hintermister has been with the FEMA Underwriting Branch for 8 years. His current responsibilities include implementation of changes to the National Flood Insurance Program (NFIP). Prior to joining FEMA, John worked in the private section for a vendor that administers the NFIP for Write Your Own (WYO) Program for private insurers. The WYO Program began in 1983 and is a cooperative undertaking between the private insurance industry and FEMA. The WYO Program allows participating property and casualty insurance companies to write and service the Standard Flood Insurance Policy in their own names.
Continuing Education Credit
This program provides 2 credits toward:
- Certified Manager of Community Associations recertification
- Association Management Specialist redesignation
- Professional Community Association Manager redesignation
To earn credit, you must be personally registered for this program and print the certificate of completion to document your participation.
Manager Certifications and
Designations
Certified Manager of Community Associations
(CMCA®) /Association Management Specialist
(AMS®) /Professional Community Association Manager
(PCAM®) /Large-Scale Manager
(LMS®)
Management Company Designation
Accredited Association Management Company
(AAMC®)
Service Provider Designations and
Distinctions
Reserve Specialist
(RS®)/Community Insurance and Risk Management
Specialist (CIRMS®)/Educated Business
Partner