Mortgage Legal Expert Michael Pfeifer joins Lenders Compliance Group

LONG BEACH, N.Y. - June 7, 2016 - PRLog -- Lenders Compliance Group, Inc. (LCG), the nationwide risk management firm, and Michael R. Pfeifer today announced that Mr. Pfeifer has joined the firm as Director of Mortgage Servicing Compliance to offer mortgage risk management guidance to the mortgage industry, with particular emphasis on loan servicing.

Mr. Pfeifer is currently counsel to the California Mortgage Bankers Association, served on its Board of Directors for nine years, and has nearly 40 years of experience in representing both bank and non-bank lenders, servicers, investors, and industry service providers. He will support the firm's clients with their regulatory compliance needs. The addition of someone with Mr. Pfeifer's extensive experience to an existing team of subject matter experts in mortgage industry legal affairs will enhance LCG's ability to provide a "best practices" approach to residential mortgage compliance. In addition to mortgage compliance expertise, LCG provides a suite of services to residential mortgage lenders, servicers and vendors in all areas of mortgage banking, such as loan audit analytics, research, regulatory compliance guidance, loan origination channel and product development, mortgage quality control, and due diligence reviews.

"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 Lenders Compliance Group. "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."

In announcing Mr. Pfeifer's appointment, Mr. Foxx also stated, "We are very fortunate to be able to offer our clients the knowledge, experience, and expertise of Michael Pfeifer, who is a noted professional in mortgage servicing compliance. We strive to provide a full suite of risk management services, and Michael's practice area and focus further ensure that we are attentive to our clients' regulatory compliance needs."

According to Mr. Pfeifer, "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. 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."

About: Lenders Compliance Group, Inc.

Lenders Compliance Group, Inc. is the first full-service, mortgage risk management firm in the country that specializes exclusively in outsourced mortgage compliance. It offers a full suite of regulatory compliance services in mortgage banking. It is a national company that is widely known to be a pioneer in outsourcing and auditing solutions for residential mortgage compliance. The organization consists of Directors, Group Administrators, Attorneys, Compliance Consultants, credentialed Auditors, and Subject Matter Experts in all areas of mortgage risk management. Lenders Compliance Group supports its clients through hands-on guidance in effectively managing regulatory compliance risk. Bringing knowledge, experience, research, and expertise to its mortgage banking clients, the firm offers a cost-effective way to implement mortgage risk management. For more information, call (516) 442-3456 or visit http://www.lenderscompliancegroup.com.

About: Michael R. Pfeifer

Michael R. Pfeifer has nearly 40 years of diverse legal experience representing both bank and non-bank clients in the mortgage finance, lending, and servicing industries. He is currently general counsel to the California Mortgage Bankers Association and also served on its Board of Directors from 2005 through 2014. During the course of his career, Mr. Pfeifer has represented banks, mortgage bankers, loan servicers, investors, and industry service providers on a 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 and repurchase litigation, and defense of lender liability, wrongful foreclosure, defective servicing, UDAAP, and officer and director liability claims. During the Savings and Loan Crisis of the late 1980s, Mr. Pfeifer also represented the FDIC, the FSLIC, and the RTC in workout litigation involving the loans in their acquired portfolios.