Stephen C. Morgan, Esq., PLLC
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Consumer Financial Services

Since the enactment of the Dodd-Frank Act in 2009, it's become a brave new world for consumer financial services providers.  Regulatory compliance continues to evolve, with competing supervisory entities creating a complex web of regulations.  Forced to comply with the same laws put in place to protect borrowers against "too big to fail" banks, smaller banks & lenders need the expertise of a knowledgeable attorney to mitigate financial & legal risks that exist today.  With experience stemming from working with some of the largest US mortgage banks, I can assist with your legal & compliance needs in both origination & servicing.
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Let's Talk!

Please involve me if you would like to strengthen your operations in these areas:

Regulatory Compliance &
​Due Diligence
  • ​Compliance Auditing, Testing and Quality Control
  • Third Party Due Diligence and Oversight
  • Customized Training for Your Specific Needs
  • Compliance Policies, Procedures and Process Controls
  • Vendor Management
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Loan & Appraisal  Quality Reviews
  • Loan Origination and Underwriting Review (Investor Guidelines)
  • Fraud, Defects or Underwriting Guidelines
  • Investor Repurchase Demands
  • Appraisal & AMCs

What Can I Do for Banks & Lenders?


  • Support regulatory compliance efforts to stay informed of new developments; Supplement internal compliance efforts.
  • Review TRID loan disclosures prior to the 60-day deadline to identify defects & potential refunds
    • Recent surveys (Jan 2016) have shown over 75% defect rates - should trend down as the TRID comfort level rises
  • Advise regarding RESPA compliance – marketing services & joint agreements
  • Advise on UDAAP compliance - products, services & 3rd party partners
  • Loan Origination Act compliance – Licensing & Compensation
  • HMDA Implementation & compliance
  • Identify, analyze & assist with implementation of new regulations
  • Secondary Market Purchase & Sale agreements (Negotiate/draft) with Investors, Correspondent Lenders, GSEs
  • Negotiate subservicing agreements if loans kept in portfolio
  • Assist with due diligence review of vendor products & procedures
  • Provide Attorney-Client privilege protection for audits & reviews
  • Repurchase demands from investors (defend) or to downstream brokers
  • Attorney opinion letters showing borrower meets investor underwriting criteria
  • Merger & Acquisitions (Negotiate & draft)
  • Mortgage Origination & Servicing Compliance
  • Investigate & respond to consumer complaints (CFPB)
State & Federal Regulations Interpretation & Implementation
  • RESPA - Real Estate Settlement Practices Act (Regulation X)
  • TIL - Truth in Lending Act (Regulation Z)
  • TRID - TILA/RESPA Integrated Disclosure Rule
  • Dodd-Frank Wall Street Reform & Consumer Protection Act
  • UDAP/UDAAP - Unfair & Deceptive Acts & Practices (Marketing & Advertising)
  • HOEPA - Home Ownership & Equity Protection Act
  • ECOA - Equal Credit Opportunity Act  (Regulation B)
  • FCRA - Fair Credit Reporting Act
  • FDCPA - Fair Debt Collection Practices Act
  • GLB - Gramm Leach Bliley Act - Right to Financial Privacy Act
  • E-Sign & Uniform Electronic Transactions Act
  • NFIP - National Flood Insurance Program
  • CRA - Community Reinvestment Act
  • HMDA - Home Mortgage Disclosure Act
  • SAFE - Secure & Fair Enforcement for Mortgage Licensing Act of 2008
  • FHA - Fair Housing Act
  • Civil Rights Act of 1966
  • ​SCRA - Servicemember's Civil Relief Act
  • HPA - Homeowner's Protection Act
  • State Fair Lending or Anti-Predatory Lending Laws
  • State Foreclosure and Foreclosure Prevention Laws
Licensing & Approval
  • National Mortgage Licensing System & Registry (NMLSR)
  • State Licensing Laws
  • Agency & Investor Approval Applications
  • Counterparty Due Diligence & Contracts
Investigations & Litigation
  • Federal Supervisory Investigations - CFPB, OCC, FRB
  • State Regulatory Investigations - DORA (CO)
  • Consumer Complaint Investigation & Responses​  
  • Government Enforcement Action
  • Foreclosures & Bankruptcies
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  • Home
  • Practice Areas
    • Real Estate Law
    • Estate Planning
    • Business Legal Services
    • Litigation
    • Personal Legal Services
    • Consumer Financial Services
  • Resources
  • About
  • Contact