DS News

MortgagePoint September 2023

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

Issue link: http://digital.dsnews.com/i/1507718

Contents of this Issue


Page 23 of 99

MortgagePoint ยป Your Trusted Source for Mortgage Banking and Servicing News 22 September 2023 M O V E R S & S H A K E R S Attorneys FORMER SENIOR CFPB ATTORNEY LAUNCHES NEW FIRM Attorneys Alan Lindeke and Colgate Selden have formed a new law firm, SeldenLindeke LLP, that will cater to the regulatory, transactional, enforcement defense and litigation needs of financial and technology clients nationwide. With offices in Washington, D.C., and Orange County, Califor- nia, SeldenLindeke LLP will focus on all aspects of federal and state regulatory and licensing laws applicable to consumer and mortgage lending and capital markets clients, including banks, lenders, credit unions, CDFIs, settlement service providers, fintechs, blockchain developers, servicers, technology vendors, investors, and secondary market participants. Selden and Lindeke each bring more than 20 years of experience in senior legal, risk, compliance and executive leadership roles at the U.S. Treasury, the Consumer Financial Protection Bureau (CFPB), leading interna- tional law firms, banks, lenders and technolo- gy and fulfillment services providers. "Our combination of legal, regulatory, risk and operational experience will enable SeldenLindeke to provide strategic and prag- matic advice more cost effectively than large, legacy firms," Selden said. "Our firm will not operate under the intense billing pressures and higher profit per partner metrics com- mon in larger law firms today." Selden was a founding member of the Treasury team that stood up the CFPB and was a Senior Counsel in the CFPB Office of Regulations where he was involved with multiple rulemaking efforts, including the TRID, HELOC, Loan Originator Compen- sation, ATR-QM, Regulation P, and Debt Collection rules. In the private sector, he was a partner at Alston & Bird LLP and later the head of regulatory, legal, compliance, and risk at Promontory Mortgagepath, a fintech and fulfillment firm, where he reported to the CEO/Founder of Promontory Financial Group and a former Comptroller of the Cur- rency. Most recently, Selden was a partner at BlankRome LLP. Lindeke brings first-hand experience in every facet of the mortgage origination process to the firm. Prior to beginning his legal career, Lindeke worked in every aspect of mortgage origination from origination, processing, and underwriting, to closing. He was also a branch manager, and even ran his own mortgage brokerage. This hands-on-ex- perience, combined with his unparalleled knowledge of relevant laws and regulations, allows him to offer unique insight into solving real-world legal and regulatory issues with minimal impact and disruption to related business units. Over the past 11 years, he has served as Chief Compliance Coun- sel for several mortgage lenders, fintechs, financial institutions, and diligence providers (obtaining his CRCM designation from the American Bankers Association along the way). Most recently, he served as General Counsel and Chief Legal Officer, and will continue to serve the role of outside General Counsel, at Change Lending LLC. Through- out his career, he has dealt with multiple legacy repurchase litigations, mergers and acquisitions, securities offerings, and com- munity-focused lending program matters. Given this successful track record, he was recently named a finalist for the prestigious Los Angeles Times In-House Counsel of the Year Award in 2023. "The firm is well positioned to address the current needs of our clients in any given market and regulatory environment," Lindeke added. "Today, that might be special purpose credit programs, fair lending, and privacy matters. Tomorrow, it could be help- ing clients establishing new business models that increase access to credit in underserved markets or new technologies to further automate application and underwriting pro- cesses to deliver higher quality, more efficient outcomes." WINSTON & STRAWN ADDS THREE PARTNERS TO ITS D.C. OFFICE Winston & Strawn LLP has announced that three partners have joined the firm's Washington, D.C., office and Litigation Depart- ment, as Scott Border joins the Intellectual Property Practice, while Daniel Chaudoin and Caitlin Mandel join the Government Investiga- tions, Enforcement, and Compliance Practice. Border focuses his practice on intellectual property litigation at the trial and appellate level, where he helps companies in diverse high-technology fields, including consumer electronics, software, and wireless communications. He also has extensive experience representing clients in complex administrative proceedings at the U.S. Patent and Trademark Office, where he has tried more than one hundred inter partes review proceedings before the Patent Trial and Appeal Board. Prior to entering the practice of law, he served for five years as a Surface Warfare Officer in the U.S. Navy, where he worked as an electrical engineering officer and navigator. "Given the pace of disputes fueled by factors such as litigation finance, patent law will continue to evolve in both scope and complexity," Border said. "Winston is known for its leadership in patent litigation, and I could not be more pleased to be joining such an experienced team." Chaudoin and Mandel defend major financial institutions, public companies, and senior executives in investigations by the Securities and Exchange Commission (SEC), FINRA, the U.S. Department of Justice and various state attorneys general, and the Con- sumer Financial Protection Bureau (CFPB). They have extensive experience conducting sensitive internal investigations and advising clients regarding interactions with the Office of the Comptroller of the Currency and the Federal Reserve Board. Recent matters Lindeke Selden Border Chaudoin Mandel

Articles in this issue

Archives of this issue

view archives of DS News - MortgagePoint September 2023