Murr Siler & Accomazzo, PC
"Marketing Services Agreements: To Proceed or Not To Proceed? – the information you need to decide."
You’ve read the headlines. In recent months, the CFPB has been active in initiating enforcement actions in this area and appears to take a more restrictive view of what is permissible than was commonly believed. Now, more than ever, anyone entering into an MSA will need to exercise extreme caution. You see that some are participating in these relationships. You may not understand why your company has chosen not to engage in such agreements. This is a discussion you don’t want to miss!
Attorney Rick Accomazzo, who has advised clients on RESPA issues for over 30 years, will discuss the risks and benefits of these agreements, in light of the latest guidance from the regulators.
Rick Accomazzo is a shareholder and director of Murr Siler & Accomazzo, PC, a Denver, Colorado law firm. His practice emphasizes mortgage banking, commercial litigation, real estate finance, and real estate.
Rick has more than 32 years experience representing mortgage lenders, both as in-house and outside counsel. He has extensive litigation experience in the mortgage banking field, including class action defense, repurchase disputes, lender liability defense, pursuit of mortgage fraud perpetrators, title insurance disputes, and employment disputes. He regularly advises mortgage bankers and mortgage brokers in transactions such as loan documentation, correspondent agreements, sales of loans and loan servicing, and warehouse lending. He also renders advice on mortgage banking compliance matters, including compliance with CFPB regulations, the Real Estate Settlement Procedures Act, Truth in Lending Act, Equal Credit Opportunity Act, and fair lending. He has been involved in drafting Colorado legislation relating to mortgage lending and was an original member of the Colorado Mortgage Broker Rule Making Task Force. Rick has been selected as an arbitrator in major arbitrations involving mortgage banking, has been qualified as an expert witness in mortgage lending litigation, and frequently gives speeches to mortgage industry groups.
Rick lives in Boulder and has three grown children, and one two-month old granddaughter. He enjoys rock climbing and backcountry snowboarding.