Main: 202.237.6000 x110
Robert Lotstein is the Managing Attorney for LotsteinLegal PLLC. He is in the Washington, DC office. Robert is AV® Preeminent™ Peer Review Rated by Martindale-Hubbell®, “The highest recognition available for both legal professional ability and ethics.”
Robert provides counsel to clients on regulatory compliance applicable to mortgage lending, including banks, mortgage lenders, mortgage brokers, real estate companies, and other institutions offering services in conjunction with lending. Robert advises clients about growth strategies, including joint ventures, formation of new entities, outsourcing, and expansion. Robert provides due diligence on all matters regarding mortgage lenders, including acquisitions, compliance, and regulatory issues. Robert advises clients on state and federal requirements, including RESPA, Truth in Lending, ECOA, Fair Housing, licensing, fair credit reporting, licensing, and HMDA. Robert also provides government relations services for lenders and trade associations.
For fifteen years, Robert was the Managing Partner of Lotstein Buckman LLP, a Washington, DC law firm that provided a wide range of services to the mortgage banking industry. The firm advised clients on federal, state, and local regulatory compliance issues, licensing, and other regulatory approvals and exemptions, and also provided government relations services for clients in Washington, DC and state capitals around the country.
Robert served for many years as ABN AMRO’s (as well as their subsidiary InterFirst) Washington DC Lobbyist and Counsel. On behalf of the Company, Robert worked with members of Congress, their staffs, banking committees as well as government agencies including HUD, the Federal Reserve, FDIC, and the OTC.
Robert served as General Counsel to the National Association of Mortgage Brokers (“NAMB”) and was a member of the NAMB Board of Directors for six years. He provided legal counsel as well as lobbying efforts on behalf of the Association.
Lotstein Buckman launched iComply®, an online mortgage banking compliance analysis database for all 50 states and the District of Columbia, and published an annual Mortgage Banking Regulators Directory and Guide. iComply was sold in 2007 to Thomson Reuters and is now included in its family of database products under the Westlaw Compliance Advisor umbrella. Mr. Lotstein served as a consultant for Thomson Reuters for three years.
Robert is a member of the Advisory Committee of the American Association of Residential Mortgage Regulators. Robert serves on several task forces and working groups related to the Consumer Financial Protection Bureau's loan officer compensation rule, RESPA, state and federal QM/repayment ability standards, synchronization of disclosures under RESPA and TILA, and changes from the Dodd-Frank law.
American Lawyer Media and Martindale-Hubbell™ named Robert as a "2013 Top Rated Lawyer in Banking and Finance Law." In 2015, The Wall Street Journal listed Robert as a DC “Top Rated Lawyer” and “Legal Leader.” In 2015 & 2016, Martindale Hubbell renewed Robert's AV rating -- the highest possible rating in both legal ability and ethical standards. In 2018, Robert was elected as a Fellow of the American College of Consumer Financial Services Lawyers.
Main: 202.237.6000 x103
David Shirk is a member at LotsteinLegal PLLC and specializes in mortgage lending. He works with depository institutions, independent mortgage lenders, mortgage brokers, lead generators, software vendors, and settlement service providers. David advises clients on state and federal regulatory compliance, operational process, new business models, and licensing. He writes and reviews policies, originator compensation agreements, handles responses to regulatory exams and enforcement actions, and has developed many 50 state survey charts. David has extensive background in the practical implications of RESPA, TILA, ECOA, Fair Housing, and HMDA compliance.
David is a past member of the Federal Reserve Board's Consumer Advisory Council. David participated in roundtable discussions with Elizabeth Warren on mortgage disclosure integrations, HUD's Negotiated Rulemaking proceedings on yield spread premiums, and the Mortgage Reform Working Group.
Prior to joining LotsteinLegal, David spent 20 years in the mortgage industry serving as CEO, COO, CIO and Chief Compliance Officer. At Countrywide David was the functional architect for a next generation loan origination system. David also performed a detailed review and automation analysis of two other top 10 lenders' end-to-end loan fulfillment workflows.
Mr. Shirk was twice honored as columnist of the year by National Mortgage Broker magazine for his articles on regulatory compliance and was named National Mortgage Broker of the Year in 1995. He founded the Oregon Mortgage Association and has participated on the MBA's legal issues and regulatory compliance committee and various special sub-committees for many years.
David is a frequent speaker at industry conferences and is recognized for his practical experience combined with in depth legal, compliance and technical knowledge.
David joined LotsteinLegal PLLC in 2011 and became a member in 2016. He is admitted to the Colorado, District of Columbia, Montana, New Jersey, New Mexico, Oregon, South Carolina, and Washington Bars. He holds a J.D. from the University of Oregon School of Law and an MBA from Corban University.