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ISGN Announces Partnership With TRUPOINT

NationalMortgageProfessional.com
Feb 18, 2014

ISGN Corporation has announced that it has partnered again with TRUPOINT Partners to offer its CFPB Compliance RiskCheck. A Software-as-a-Service (SaaS), cloud-based tool, CFPB Compliance RiskCheck was designed specifically for small- to mid-sized lenders in need of a cost-effective and efficient risk evaluation tool. Available to institutions by signing into a Web-based system, ISGN’s new CFPB Compliance RiskCheck is an end-to-end review designed to help lenders understand and comply with new and changing Consumer Financial Protection Bureau (CFPB) requirements. The platform contains a series of questions, which are broken out by three categories—compliance management, originations, or servicing—and then by area of risk. The lender is guided through the self-assessment review process and provided with help features such as best practice sample answers, live compliance assistance and links to compliance regulations when completing the answers, which are then analyzed automatically using classifications in line with CFPB regulatory guidelines to calculate the residual risk. The CFPB Compliance RiskCheck provides a detailed report including compartment risk weightings, trends and high risk items, which can be provided to regulators and for action plans.
Published
Feb 18, 2014