Melissa Wachtel is an associate with Weiner Brodsky Sidman Kider PC who focuses primarily on state licensing and regulatory matters related to the financial services industry. Melissa represents and advises non-depository and depository institutions on issues such as: State and federal licensing and approval requirements (both in the mortgage field and in other related financial services fields, including collection agencies and title agencies); and State and federal laws regulating fees, disclosures, and practices. Melissa also prepares multi-state regulatory surveys and analyses of matters pertaining to residential mortgage lending, brokering, and servicing; assists companies with implementing new state laws and regulations; and assists companies with examination preparation and responses to regulatory audits and investigations by state and federal regulators. Melissa has contributed to the industry publication Real Estate and Mortgage Banking: A New Era of Regulatory Reform (West 2011-2012 ed.), and she also serves on the Conference of State Bank Supervisors (CSBS) Industry Development Working Group (IDWG), which is a selective advisory body of industry representatives with experience in the Nationwide Mortgage Licensing System (NMLS) who provide frequent input regarding ongoing developments to the NMLS.Recent Matters Advised a mortgage company on its privacy policies regarding consumer financial information to ensure compliance with the Gramm-Leach-Bliley Act and the Fair Credit Reporting Act. Advised and assisted clients in obtaining mortgage lender, broker and servicer licenses and approvals, as well as obtaining change of control approvals in connection with the purchase and sale of mortgage entities and title agencies. Advised mortgage companies and loan originators regarding required state disclosures and their resulting impact on the licensees state licensure. Advised and assisted mortgage companies in responding to single-state or multistate examinations and in creating policies and procedures to address the audit findings.
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