Clients requiring assistance with state and federal examinations benefit from Kristie’s deep experience in this area.

At APPROVED, Kristie manages a state and federal examination consulting program combining advisory services and technology solutions for Orrick and APPROVED clients. These services include assistance with all single-state, multistate, and federal financial services exams.

Prior to joining APPROVED’s leadership team as a director, Kristie spent more than 13 years at Rocket Mortgage, LLC, where she led teams responsible for multiple compliance matters including individual and corporate licensing, compliance reporting, all state, federal and investor examinations and regulatory change management. In addition, Kristie was a director in product strategy, where she was responsible for collaborating and driving new strategic business partnerships for the company and delivering products powered by technology. Kristie is an active participant in the financial services industry, speaking at numerous conferences, participating in the NMLS Industry Development Working Group from 2010-2019 and serving as a member of the AARMR Advisory Council from 2016-2019.

John is a partner at Orrick and one of the nation’s leading consumer financial services lawyers, providing bank, nonbank, fintech and financial sponsor clients with proactive and practical counsel to enable them to meet business objectives and manage risk in a rapidly changing business, legal, and regulatory environment.

He helps clients navigate the complex maze of federal and state laws and regulations. He regularly counsels clients on compliance with regulations issued by the Consumer Financial Protection Bureau as well as examination and enforcement actions by the bureau, federal banking agencies, state regulators and other enforcement agencies. He advises on the laws governing licensing and chartering, usury, advertising, disclosures, privacy, lending, and servicing practices, and laws prohibiting unfair, deceptive, or abusive acts or practices.

John advises financial services firms on new product and business line development, including structuring and negotiating commercial relationships, joint ventures and partnership agreements. He also assists financial and strategic purchasers of fintechs and financial services firms on regulatory matters, including due diligence of companies, assets and portfolios, and transactional structuring in light of federal and state licensing and regulatory requirements.

Financial services and fintech clients benefit from Tim’s firsthand experience with the licensing procedures in virtually every state, along with extensive knowledge of state regulators, requirements and industry participants.

Tim was instrumental in the development and launch of APPROVED. He draws on a wealth of operational and strategic leadership in his position as CEO, overseeing APPROVED’s technology-enabled, fixed-fee service that assists companies obtaining and maintaining state-required licenses.

Prior to joining APPROVED, Tim spent nine years working at the Conference of State Bank Supervisors as its senior director of policy, where he focused his efforts on policy and system development for state regulatory agencies. While at CSBS, Tim led external stakeholder engagement for NMLS 2.0, an overhaul designed to make NMLS more intuitive and efficient for industry users and regulators. He also managed and worked on the SAFE Act implementation in NMLS, the expanded use of NMLS for money transmitter, debt collector, consumer lender and other nonmortgage licenses, as well as the development of the first nationwide electronic surety-bond platform. In addition, he worked nationally with state regulators and industry participants to facilitate corporate transactions, including mergers and acquisitions.

Clint is a partner at Orrick and leads the Financial & Fintech Advisory practice, a team that delivers synthesized regulatory, enforcement and transactional advice to more than 700 fintech market participants, as well as other leading financial institutions and funds.

He advises a variety of clients on consumer financial services matters, including private equity, banks, mortgage companies, fintech/wealthtech/proptech, auto lenders, commercial lenders, secondary market loan purchasers, and securities broker-dealers, regarding regulatory, licensing, compliance, and transactional matters on a nationwide basis. His work also includes advising on California-specific lending matters, including the California Financing Law, among other California lending and servicing laws.

Katy is a partner at Orrick and advises financial services companies on a variety of regulatory, licensing, compliance, and transactional matters, including federal and state compliance requirements, Secure and Fair Enforcement Act compliance, Federal Housing Administration compliance, and the risks associated with the False Claims Act and Financial Institutions Reform, Recovery and Enforcement Act.

She represents banks, first and second mortgage originators and servicers, reverse mortgage originators and servicers, fulfillment service providers, commercial lenders and servicers, bank holding companies, private equity firms, finance companies, debt collection companies, financial institutions and technology companies, payment processors, money transmitters and various related service providers.

Katy assists clients with matters before state regulatory agencies, the Consumer Financial Protection Bureau, the Department of Justice, the Department of Housing and Urban Development, federal banking agencies, Fannie Mae, and Freddie Mac. She also provides strategic and tactical advice to help clients identify and secure the nationwide federal and state approvals necessary to achieve operational goals.

Derek is a proven problem solver with experience creating new efficiencies in the delivery of various services and products. He pushes the team to meet new challenges, identify solutions and deliver the highest quality services to APPROVED’s clients.

As a director at APPROVED, Derek leads strategic and system-development initiatives. He manages APPROVED’s East Coast team and specializes in money services businesses licensing, scrum product development and criminal background check logistics.

Prior to joining APPROVED, Derek worked at the Conference of State Bank Supervisors on policy and system development for state agencies on the Nationwide Multistate Licensing System. At CSBS, Derek’s focus areas included engagement and development related to money services businesses licensing, the NMLS Federal Registry and criminal background check processing. Major initiatives he led while at CSBS included the design, development and launch of the NMLS Money Services Businesses Call Report and expansion of criminal background check functionality for owners, executive officers and branch managers in NMLS.