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WFG's Innovative Compliance System Goes Live

NationalMortgageProfessional.com
May 20, 2014

WFG National Title Insurance Company agents are now using the company’s Compliance Management System, an electronic platform allowing those agents to educate themselves about key compliance requirements as well as assisting them in the design of new compliance policies and procedures. According to WFG National Title’s Executive Vice President Joseph Drum Esq., the company has made the rollout of the system a priority over the past several months. The project has been spearheaded by, WFG’s Chief Compliance officer Donald O’Neill, Rick Diamond, SVP of IT and agency operations and Kelley Shellhaas, assistant Midwest underwriting counsel for WFG. The CMS is an online platform WFG agents can use to educate themselves about compliance requirements and to develop the comprehensive compliance management programs lenders and their regulators are requiring. The key components include: ►More than two dozen templates for policies and procedures that agents can customize and brand as their own; ►Detailed guidance to help agents design and implement compliance programs consistent with best industry practices and regulatory requirements; ►Technology solutions agents can use to manage, monitor and update  their compliance policies and procedures; ►Training material (in development but coming soon) agents can use to educate the staff members who must understand compliance policies and apply them. “We are serious about supporting our agents, in ways large and small, to help them succeed,” said Drum. “WFG exists for that purpose and the CMS reflects our commitment to both priorities—strengthening compliance and supporting our agents.”  
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