Lenders One Mortgage Cooperative, a national alliance of independent mortgage bankers, correspondent lenders and suppliers of mortgage products and services, has announced a partnership with AllRegs, an information provider for the mortgage industry, as its newest preferred vendor. "Compliance training and education are a vital part to the success of any mortgage banker in this market," said Scott Stern, chief executive officer of Lenders One. "Consistent modifications to state and federal legislation, as well as recurring new regulation, can threaten the profitability and the effectiveness of any lender if not proactively confronted. Teaming with AllRegs, our members have access to the comprehensive knowledge and preparedness tools they need to be well-informed and compliant with guidelines at any level."
AllRegs provides a searchable, online information resource of federal and state statutes, with analysis, commentary and how-to manuals. Lenders One members will benefit from AllRegs' diverse compliance training programs and the ability to access a central repository for single and multifamily underwriting and insuring guidelines, as well as federal compliance laws and regulations. AllRegs Academy's compliance training programs focus on issues such as the Real Estate Settlement Procedures Act (RESPA), Truth in Lending Act (TILA), Home Mortgage Disclosure Act (HMDA), Federal Housing Administration (FHA) updates and other federal topics regulations. Courses are delivered via instructor-led and self-study online learning courses, classroom programs, audio conferences, certifications and more.
"We are very excited to partner with Lenders One and help its members meet their compliance, underwriting and training needs," said Dan Thoms, senior vice president for AllRegs. "The companies comprising the Lenders One membership want to stay apprised of federal and state regulatory changes. AllRegs' tools, services and resources support this mission-critical requirement in the industry."
For more information, visit www.lendersone.com or www.allregs.com.