Mann Mortgage Adopts New Consumer Protection Tool From Secure Settlements – NMP Skip to main content

Mann Mortgage Adopts New Consumer Protection Tool From Secure Settlements

NationalMortgageProfessional.com
Feb 16, 2015

Mann Mortgage LLC has announced that it has enhanced its risk management policies and procedures governing its mortgage lending business by requiring all settlement agents to pass independent risk evaluation, rating, monitoring and reporting in order to close their residential mortgage loans. The process will be managed for Mann by Secure Settlements Inc. (SSI), the first vendor management firm to specialize in closing table risk. The company chose the SSI Closing Guard tool to evaluate all settlement agents who wish to close loans with Mann Mortgage.

“We are committed to fulfilling regulator and consumer expectations for better risk management and transparent loan services, and in doing so recognize that the management of settlement agents who have access to our funds and borrower personal and financial information and can impact operational risk, investor confidence and consumer protection," said Carrie Mathiason, compliance manager at Mann. "After months of research we concluded that Secure Settlements’ Closing Guard product has no peer in the industry as a solution to managing settlement agent risk.”

“We are pleased and honored to work together with Mann Mortgage in managing these critical risk and quality control issues," said SSI President Andrew Liput. "The owners and managers at Mann Mortgage are talented and experienced and clearly committed to quality control, consumer protection and overall loan quality assurance.”

 

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