1. Do you have the time to monitor your state(s) lending regulatory changes?
Don't have time to monitor the industry changes, MCC is here to help. We will provide you the latest news on Federal and State legislation that impact your lending operations and assist you in creating or amending your lending policies.
2. Do you have the required lending policies written and available when an examiner or state auditor asks for them?
It is absolutely necessary to have a compliance program that meets CFPB's requirements for an established Compliance Management System (Compliance Manual). As part of the CMS, you will need to have written policies that outline how your company will operates.
MCC can provide you individual lending policies or a complete Compliance Management System that at a minimum cover the following policy areas:
1. Lending Best Practices
2. Loan Originator Compensation
3. Real Estate Lending Policy
4. SAFE Act
5. Underwriting Policy to include at a minimum CFPB’s regulatory requirements.
6. Fair Lending
7. TILA
8. RESPA
9. ECOA
10. HMDA
11. Flood Insurance
12. Quality Control policy (Conventional loan products)
13. Quality Control policy (Government)
14. FACTA
15. File Retention
16. Vendor Management
17. Red Flags
18. AML/BSA
19. SCRA (Service members Civil Relief Act)
20. Privacy