Lenders Compliance Group Inc. (LCG) has announced the addition of Michael R. Pfeifer as director of Mortgage Servicing Compliance to offer mortgage risk management guidance to the mortgage industry, with a particular emphasis on loan servicing. Pfeifer is currently counsel to the California Mortgage Bankers Association (CMBA), having served on the CMBA Board of Directors for nine years.
"Michael Pfeifer is a uniquely experienced legal professional within the mortgage industry, having distinguished himself as both inside and outside counsel, and as a stalwart representative of his clients facing government scrutiny," said Jonathan Foxx, president and managing director of LCG. "His career of involvement in nearly all aspects of the mortgage industry has given him an exceptional perspective on how to establish and maintain the most effective compliance programs. Michael is a true leader in our profession and he will be an invaluable asset to LCG's clients."
Pfeifer has nearly 40 years of diverse legal experience, representing both bank and non-bank clients in the mortgage finance, lending and servicing industries. During the course of his career, Pfeifer has represented banks mortgage bankers, loan servicers, investors, and industry service providers on wide range of litigation and regulatory compliance matters, including loan origination and servicing policies and procedures, defense of regulatory examination and enforcement proceedings, mortgage-backed securities (MBS) and repurchase litigation, and defense of lender liability, wrongful foreclosure, defective servicing, UDAAP, and officer and director liability claims.
“With all the changes that have occurred in the mortgage industry in recent years, I could not be more excited to join an organization like LCG,” said Pfeifer. “Jonathan Foxx truly understands that mortgage firms must have access to experienced, but also independent expert guidance. LCG offers compliance solutions for those who seek value, but refuse to compromise on the quality of their compliance programs."
