Gateway Mortgage Adds Molly Reed Davis as Chief of Compliance – NMP Skip to main content

Gateway Mortgage Adds Molly Reed Davis as Chief of Compliance

NationalMortgageProfessional.com
Feb 23, 2012

Gateway Mortgage Group has announced that Molly Reed Davis has been named chief credit and compliance officer where she is responsible for overseeing all compliance policies and procedures as well as managing credit relationships for the company. Davis has more than 25 years of senior level management experience in the mortgage industry. Prior to joining Gateway, she was the assistant vice president of third party origination credit administration for MetLife Home Loans where she managed all aspects of counter-party risk related to more than 2,000 brokers and correspondents. Previously, Davis served as senior vice president of credit policy and retail operations for CitiMortgage, vice president of production support for Capstead Inc. and vice president of central region correspondent operations and production support at Countrywide Home Loans Inc. “Gateway has shown great resilience through this housing downturn by adapting to market needs,” said Davis. “I am happy to be a new part of this innovative team and am dedicated to using my knowledge to mitigate risk and manage compliance while continuing to foster growth.” “Molly brings many years of invaluable experience to the company and is a great addition to our team to oversee compliance efforts,” said Kevin Stitt, president of Gateway Mortgage Group. “Regulatory compliance continues to be a top challenge for lenders and no growth plan is complete without significant care being taken in this area. Her extensive knowledge regarding risk management in both retail and correspondent lending will be of great value to Gateway as the company expands its market share in other lending divisions.”
Published
Feb 23, 2012
CFPB Seeks Insight On Creating A Fairer Mortgage Market

The Consumer Financial Protection Bureau has been actively looking to create a fairer mortgage market, free of discriminatory engagements. To do so, it issued a Request for Information to seek input on rules implementing the Home Mortgage Disclosure Act.

Regulation and Compliance
Nov 17, 2021
Regulators Renew Effort to Protect Against Foreclosures

CFPB, The Fed, FDIC and other agencies will watch for compliance with COVID-19 protections

Regulation and Compliance
Nov 10, 2021
Fed To Begin Tapering Asset Purchases by 14.3% This Month

Also sets target range for the federal funds rate at 0 to 1/4%.

Regulation and Compliance
Nov 03, 2021
CFPB Cracks Down On Discriminatory Credit Reporting For Black And Hispanic Consumers

Consumers in majority Black and Hispanic neighborhoods are far more likely to have disputes appear on their credit reports. 

Regulation and Compliance
Nov 03, 2021
CFPB Names 2 New Assistant Directors

Former Obama Administration officials will lead Supervision Policy, Enforcement divisions.

Regulation and Compliance
Oct 29, 2021
FHFA Proposes Extra Disclosure Rules For Fannie, Freddie

The proposed rule for the Enterprise Regulatory Capital Framework seeks to put Enterprises on a "level playing field" with U.S. banking requirements.

Regulation and Compliance
Oct 28, 2021