Troy Garris

Troy is a business owner’s lawyer, priding himself on a results-oriented, pragmatic approach to addressing legal issues in the financial services world. In his words, “I find out what the business wants, what it needs. If I start there, I can often find a way to get them to the result wanted, or very close to it, in a legal and compliant way.”

Troy deals with federal and state compliance, enforcement defense, company formation, and mergers and acquisitions (M&A). In these areas, Troy represents independent mortgage bankers (IMBs), community banks and other depositories, homebuilders, and related entities (e.g., lenders, servicers, title companies, secondary market investors, and equity funds).

Troy is active in the industry, including being significantly involved with industry associations and currently is a board member, and Chair of the Regulatory Compliance Committee of the Texas Mortgage Bankers Association. In 2007, the Mortgage Bankers Association named him to the Future Leader’s program.

Troy is a frequent speaker on a wide range of mortgage banking related issues, and in recent years has spent much of his time focused on the CFPB.

Troy is also an active YouTuber, and host of Troy at Garris Horn, the Mortgage Banking LiveStream.

Representative Matters

• Conducted due diligence review of mortgage originators and servicers in multi-billion dollar transactions.

• Assisted investment bankers and hedge funds in acquisitions of lenders and servicers.

• Represented lenders and related companies in proceedings before the CFPB, HUD, and other regulators.

• Negotiated and drafted agreements for affiliated business, marketing, private label, and correspondent lending arrangements.

• Negotiated and drafted employment agreements for lenders and affiliated companies.

Experience

• Representing companies in proceedings before regulatory agencies, including the • Consumer Financial Protection Bureau (CFPB), Department of Housing and Urban • Development (HUD), Federal Housing Administration (FHA), federal and state banking examiners, and insurance commissions.

• Advising clients on a broad suite of origination and servicing issues.

• Advising on federal and state law compliance issues, including under RESPA, TILA, FCRA, Fair Lending, privacy, and similar laws.

• Creating and implementing compliance management systems, policies, and procedures.

• Counseling on the requirements of FHA, VA, Fannie Mae, Freddie Mac, and private investors, guarantors, and insurers.

• Assisting companies with repurchase and indemnification demands.

• Conducting in-depth due diligence reviews on companies in anticipation of major transactions.

• Forming joint ventures and assessing marketing services agreements and other strategies under RESPA.