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Cognitive Options Group Develops Mortgage Services for CFPB Compliance

NationalMortgageProfessional.com
Sep 28, 2012

Cognitive Options Group has announced it is expanding its advisory services to focus on new regulations coming from the Consumer Financial Protection Bureau (CFPB). The expanded service offerings will help mortgage industry participants to ensure compliance to new rules and help reduce the risk of mortgage repurchases. “CFPB has release several proposals in the last month that will have a huge impact on our business. Helping management to understand the rules and how they will affect their business is paramount right now,” said Penny Showalter, managing director of Cognitive Options Group. “Proposals cover LO comp, RESPA/TILA new disclosure, HOEPA and Servicing with most rules to be effective January 2013. The need to engage mortgage industry experts for guidance has never been more important.” Showalter will be discussing the increasing complexity of mortgage lending and the effect of Dodd-Frank laws and CFPB oversight on mortgage lending products, as well as mortgage policies and procedures at upcoming conferernces. The firm will continue speaking at industry conferences throughout the year to help educate all types of financial services firms on complying with the new regulations and avoiding risky practices.
Published
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