Morgan Clemons contributes Feature Article to ALFN Angle Spring 2019 on Mortgage Loan Originator Transitional Licensing Impact

Aldridge Pite associate Morgan Clemons contributed a feature-length, cover article for the ALFN Angle concerning the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGR).  The article, The New Normal: Updates to Federal Loan Originator Licensing Law and Potential Impacts, considers that (1) the EGR may reduce regulatory barriers restricting the job opportunities available to MLOs, (2) the rate of defaulted mortgage loans may be impacted, and ultimately (3) servicing activities may be impacted.
As described by ALFN: “The ANGLE is the ALFN’s flagship publication published once each quarter. The magazine features in-depth legal analysis of local, state and federal laws affecting mortgage servicing and foreclosure throughout the country.”
The ALFN’s Spring Issue focuses on regulatory and legislative issues.  Ms. Clemons advises banks and mortgage companies on regulatory compliance matters. Further, Ms. Clemons is a former member of the Conference of State Bank Supervisors (CSBS) State Regulatory Registry (SRR) Lawyers’ Committee and serves as a subject matter expert for the State Regulatory Registry to create, review and update mortgage loan originator test questions and the test content outline.  Prior to representing financial institutions in private practice, Ms. Clemons worked as a non-depository financial institutions enforcement attorney for a state banking department. 
Ms. Clemons may be contacted at The article and Volume 6, Issue 2 of the ALFN Angle may be accessed here.