Lenders Compliance Group Launches CMS Tune-up! Due Diligence Service

May 16, 2017

Lenders Compliance Group (LCG) has announced its new due diligence service, the CMS Tune-up!, a hands-on due diligence review of a financial institution's Compliance Management System (CMS) conducted by the firm's directors and subject matter experts.

A one-time fee covers the following: Full Review; Subject Matter Experts; Executive Summary; Recommendations; and Risk Rating. CMS Tune-up! reflects the size, complexity, and risk profile of the financial institution.

"Lenders Compliance Group is the only risk management firm offering this unique service,” said Jonathan Foxx, Managing Director of LCG. “There is no other firm like us that has the range of knowledge and depth of experience to provide such an extensive overview of a Compliance Management System."

An effective CMS is comprised of three interdependent elements: Board and/or Management Oversight; Compliance Program; and Compliance Audit. When all elements are strong and working together, a financial institution is successful at managing its compliance responsibilities and risks.

"An institution should not need to spend a huge amount of money to find out if its Compliance Management System adequately reflects regulatory compliance expectations," said Foxx. "Our review is designed to provide a risk evaluation that is immediately useful to our clients. It is conducted by directors and subject matter experts who have rigorously trained on the specific review requirements of the CMS Tune-up!"

About the author

NationalMortgageProfessional.com

Link copied

Published

May 16, 2017

Analysis and Data

Jobs Report Comes In Weak After Mortgage Rates Surge

Employers added just 29,000 jobs in September, sending Treasury yields lower and offering a potential counterweight to the recent rise in mortgage rates

The September jobs report gave the mortgage market something it hasn't had much of lately: downward pressure on Treasury yields.U.S. employers added just 29,000 jobs in September, while the unemployment rate edged up to 4.2%, according to the Bureau of Labor Statistics. The ...

Wholesale

The Loan Store Rebrands As Averra Financial

The wholesale lender is adopting a new identity three years after acquiring Homepoint’s wholesale business and rising to No. 4 in industry rankings

The Loan Store has a new name after a three-year expansion that transformed the once-small wholesale lender into one of the largest players in the broker channel.The Tucson, Arizona-based lender has rebranded as Averra Financial Inc., effective immediately, the company annou...

Nov

Houston, TX

More from

Analysis and Data

Jobs Report Comes In Weak After Mortgage Rates Surge

Employers added just 29,000 jobs in September, sending Treasury yields lower and offering a potential counterweight to the recent rise in mortgage rates

Analysis and Data

Oct 02, 2026

Price Cuts Hit Four-Year High As Mortgage Rates Top 7%

More than one in five listings took a price cut in September, but pending sales still posted their sharpest annual decline since March 2025

Analysis and Data

Oct 01, 2026

Serious Mortgage Delinquencies Rise 19% After Five Months Of Improvement

ICE data shows 574,000 mortgages were at least 90 days past due in August, while early-stage delinquencies remained below year-ago levels

Analysis and Data

Sep 29, 2026

Smaller Down Payments Give Buyers More Room, But Rates Limit The Savings

The typical down payment fell 9% from a year ago, while shifting market conditions are giving originators different affordability conversations across the country

Analysis and Data

Sep 25, 2026

Mortgage Rates Break 7% Just As Builders Find A Way To Move Buyers

New-home sales rose 6.4% in August as builders cut prices, offered incentives, and sold more lower-priced homes. Now mortgage rates are moving against buyers again

Analysis and Data

Sep 25, 2026

Borrowers Want Digital Closings, But Some Originators Remain Hesitant

ServiceLink finds 45% of surveyed LOs cite borrower reluctance as a barrier, even though most recent buyers say digital options would influence their choice of mortgage provider

Tech

Sep 23, 2026

Popular