Ohio Division of Financial Institutions Earns Accreditation in Mortgage Supervision

WASHINGTON, D.C. – November 3, 2014 – (RealEstateRama) — The Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) is pleased to announce that the Ohio Division of Financial Institutions (the Division) has received a certificate of accreditation for mortgage supervision. This accreditation certifies that the Division maintains the highest standards and practices in mortgage supervision set by the AARMR/CSBS Mortgage Accreditation Program.

This is the Division’s first mortgage accreditation. The Division is led by Superintendent Charles Dolezal.

“Congratulations to Superintendent Dolezal and his entire staff,” said CSBS President and CEO John W. Ryan. “By receiving this mortgage accreditation, the Division and its staff have demonstrated their commitment to excellence in residential mortgage supervision in Ohio.”

“I’m happy to congratulate Superintendent Dolezal and his Division for meeting the rigorous standards of the AARMR/CSBS Accreditation Program,” said Rod Carnes, AARMR President and Deputy Commissioner of the Georgia Department of Banking and Finance. “Attaining mortgage accreditation signifies that the Ohio Division of Financial Institutions meets industry-leading standards in mortgage regulation and supervision.”

Charles J. Dolezal is the Superintendent for the Ohio Department of Commerce, Division of Financial Institutions. Dolezal brings 33 years of banking experience to the Division. He served as President/CEO of Ohio-chartered banks in Zanesville from 2007-2010, President/CEO of a national bank in Orrville with which he spent 30 years of his career, and Chairman of a bank holding company. Charles serves as the Secretary on the CSBS Board of Directors. Charles holds a Bachelor of Business Administration from Kent State University and graduated from the Graduate School of Banking at the University of Wisconsin.

Background Information:
To achieve mortgage accreditation, state agencies must undergo a voluntary comprehensive review of the CSBS and AARMR accreditation team. The accreditation process begins with the completion of an extensive self-evaluation questionnaire on all department operations, including administration and finance, personnel, training, examination, supervision, and legislative powers. An external review team comprised of veteran state regulators then performs an on-site review and presents its findings to an audit team and to the Performance Standards Committee. The members then vote on the reports of the review team and the audit team.
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Media Contacts:
Catherine Woody, Vice President of Media and Industry Relations, cwoody (at) csbs (dot) org or 202.728.5733
Rockhelle Johnson, Senior Manager, Communications, rjohnson (at) csbs (dot) org or 202.407.7156
Matt Longacre, Manager, Communications, mlongacre (at) csbs (dot) org or 202.803.8091

The Conference of State Bank Supervisors (CSBS) is the nationwide organization of banking regulators from all 50 states, the District of Columbia, Guam, Puerto Rico, and the U.S. Virgin Islands. State banking regulators supervise nearly 5,200 state‐chartered financial institutions. Further, most state banking departments also regulate a variety of non-bank financial services providers, including mortgage lenders. For more than a century, CSBS has given state supervisors a national forum to coordinate supervision of their regulated entities and to develop regulatory policy. CSBS also provides training to state banking and financial regulators and represents its members before Congress and the federal financial regulatory agencies.

The American Association of Residential Mortgage Regulators (AARMR) is the national organization representing state residential mortgage regulators. AARMR’s mission is to promote the exchange of information and education concerning the licensing, supervision and regulation of the residential mortgage industry, to ensure the ability of state mortgage regulators to provide effective mortgage supervision for a safe and sound industry meeting the needs of the local financial markets and to protect the rights of consumers.

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