COMPLIANCE MANAGEMENT SYSTEM - TUNE-UP

RETHINK COMPLIANCE ADMINISTRATION
PRESENTATION

Our professionals have the unique expertise to provide a comprehensive compliance administration review, including a policy and procedures review of the Compliance Management System.

MANAGEMENT ACCOUNTABILITY
UNFAIR AND DECEPTIVE OR ABUSIVE ACTS OR PRACTICES
EQUAL CREDIT OPPORTUNITY ACT
HOME MORTGAGE DISCLOSURE ACT
TRUTH IN LENDING ACT
REAL ESTATE SETTLEMENT PROCEDURES ACT
FAIR CREDIT REPORTING ACT
SAFE ACT/UNLICENSED ACTIVITY
FAIR DEBT COLLECTION PRACTICES ACT
HOMEOWNERS PROTECTION ACT
FAIR LENDING
PRIVACY
ADVERTISING & MARKETING
LOAN ORIGINATIONS
UNDERWRITING
APPRAISALS
LOAN ORIGINATOR COMPENSATION
CLOSING
TRAINING POLICIES

Whether a particular company needs policies in a specific area depends on the business model, products and services offered, and other similar circumstances. In addition, a particular issue may be covered by more than one potential policy, and two policies covering the same topic may not be necessary. A Compliance Management System should reflect the size, complexity, and risk profile of the financial institution.

A Compliance Management System is how an institution:

• learns about its compliance responsibilities;
• ensures that employees understand these responsibilities;
• ensures that requirements are incorporated into business processes;
• reviews operations to ensure responsibilities are carried out and requirements are met; and,
• takes corrective action and updates materials as necessary.

An effective Compliance Management System is commonly comprised of three interdependent elements:

1. Board and/or Management oversight
2. Compliance Program
3. Compliance Audit

When all elements are strong and working together, an institution will be successful at managing its compliance responsibilities and risks now and in the future.