Compliance

Churchill Mortgage has announced that it has enhanced its risk management policies and procedures governing its retail mortgage lending business by requiring independent screening and risk monitoring for all settlement agents having access to a borrower’s
Churchill Mortgage has announced that it has enhanced its risk management policies and procedures governing its retail mortgage lending business by requiring independent screening and risk monitoring for all settlement agents having access to a borrower’s loan documents and mortgage proceeds. The... Keep Reading....
Question: We are in the process of reviewing our loan officer compensation plans, which means we are also looking closely at the employment agreements. I realize that the details in this area are very complicated, but would it be possible to offer some basic concepts that should be considered in... more
Senate Majority Leader Mitch McConnell (R-KY) appeared to dampen hopes for a Dodd-Frank Act overhaul, blaming a lack of bipartisan support for such an effort
Senate Majority Leader Mitch McConnell (R-KY) appeared to dampen hopes for a Dodd-Frank Act overhaul, blaming a lack of bipartisan support for such an effort.   “I’d love to do something about Dodd-Frank, particularly with regard to community banks, but that would require Democratic involvement,”... more
Lenders Compliance Group (LCG) has announced its new due diligence service, the CMS Tune-up!
Lenders Compliance Group (LCG) has announced its new due diligence service, the CMS Tune-up!, a hands-on due diligence review of a financial institution's Compliance Management System (CMS) conducted by the firm's directors and subject matter experts.   A one-time fee covers the following: Full... more
The director of the Federal Housing Finance Agency (FHFA) urged Congress needs to take responsibility for housing finance reform
The director of the Federal Housing Finance Agency (FHFA) urged Congress needs to take responsibility for housing finance reform and offer a strategy to end federal conservatorship of the government-sponsored enterprises (GSEs).   In an appearance this morning before the U.S. Senate Committee on... more