Stay a step ahead of the regulators.
Pre-Examination Assessment
It is only a matter of time before State or Consumer Finance Protection Bureau ("CFPM") auditors are examining your compliance with the rash of new and changed mortgage origination regulations. Arrange an independent Pre-Examination Assessment and correct any compliance issues before the regulators show up on your doorstep. Our confidential Pre-Examination Assessment covers recent regulatory additions and changes from applicable States, as well as Federal Acts under the jurisdiction of the new CFPB, including RESPA (new GFE, etc.), TILA / MDIA (new TIL, timing of disclosures, cooling-off period, etc.), FCRA / FCTA (uses of credit, Red Flags, etc.) Dodd-Frank (appraisal process, originator compensation, etc.), and others, as requested.
"On Call" and "On Cue" Support
MLinc's Proactive Compliance Partnership adds a national expert in federal / state / agency laws, statues and regulations (the "Regulations") to your compliance team. Stay a step ahead of the regulators, mitigate your risk of noncompliance, and avoid associated business and financial loss by partnering with MLinc. MLinc offers the Proactive Compliance Partnership for Regulations that apply to you, for a fraction of the cost of an expert internal compliance resource. The Partnership is an annual MLinc Arrangement providing "Compliance on Call" for existing Regulations, and "Compliance on Cue" for changes or new Regulations (including the new RESPA, the Red Flags mandate, etc.).
Existing Regulations: MLinc's "Compliance on Call" service addresses inquiries through a designated compliance resource with your company, via telephone or email. MLinc answers questions regarding existing, applicable federal / state / agency Regulations, and consults with you regarding general mortgage regulatory compliance matters affecting your origination activities, as they arise from time to time.
Changes & New Regulations: MLinc's "Compliance on Cue" service keeps you on top of and responsive to changes to existing Regulations and new Regulations as well. MLinc interprets the impact of Regulations on your mortgage business, advises you on implementation of best practices in response to Regulations, and prepares, packages and presents information and educational programs to your employees regarding the Regulations, as appropriate.
