Lenders Compliance Group® is the first full-service, mortgage risk management firm in the United States, devoted to offering a full suite of services in residential mortgage banking, respectively, to banks and nonbanks, independent mortgage professionals, and mortgage servicers. We also provide state-of-the-art mortgage quality control, auditing, and loan analytics. These national firms specialize exclusively in providing legal and regulatory guidance for mortgage compliance, as well as mortgage banking services.
Since 2006, we've provided comprehensive or partial risk management outsourcing services related to regulatory compliance and its associated requirements. We are the first risk management firm in the country dedicated exclusively to mortgage compliance, offering a comprehensive range of products and services across all areas of mortgage banking.
Our professionals have an average of 25 years of experience in the residential mortgage origination industry, comprising compliance executives, compliance attorneys, and former regulators who have developed and implemented successful compliance programs. We actively monitor ever-changing laws and regulations that affect the industry.
Typically, our clients include mortgage bankers and lenders, mortgage brokers, wholesale lenders, correspondent lenders, warehouse banks, HUD/VA mortgagees, sponsored FHA Lenders, servicers, credit unions, mortgage REITs, state- and federally regulated banks, and mortgage company subsidiaries.
For many clients, we provide a comprehensive regulatory compliance program that encompasses risk assessments, program development, implementation, and administration. We supplement internal resources for other clients to find, address, and provide Best Practices solutions to specific regulatory compliance issues. In either case, we serve as an objective and independent evaluator of current and proposed mortgage compliance procedures, identifying potential problems and, when necessary, suggesting alternatives.
Our Continuous Compliance™ engagements provide ongoing guidance by a team of regulatory experts. We developed and pioneered the Compliance Tune-up®, a unique, expedited, and cost-effective auditing experience that targets products and services, as well as statutory-based and regulatory-based procedures.
Our range of services includes federal and state mortgage compliance; legal reviews and remedies; HUD-FHA, VA, USDA, CFPB, federal prudential regulators and state pre-examination preparation and post-examination implementation. In addition, we provide Fannie/Freddie/Ginnie applications and due diligence; representation to the GSEs, federal and state regulators, HUD, and VA; mortgage quality control; forensic loan audits; mortgage servicing compliance; loss mitigation compliance; business development; information technology and security; anti-money laundering audits; identity theft prevention and Red Flags compliance; statutory licensing; policies and procedures guidance; HMDA/CRA reviews; and strategies to increase sales through RESPA-compatible Affiliated Business Arrangements.
The Compliance Tune-up® series covers virtually all departments and functions associated with the mortgage banking enterprise. Each review includes a due diligence report that provides findings, recommendations, and risk rating, irrespective of a company’s asset size, volume, type of consumer financial transactions, state and federal oversight, overall complexity, and risk profile.
Each financial institution we serve is unique in terms of size, products, services, complexity, risk profile, and business strategy. Our professionals work closely with management to tailor our services to meet these requirements.
