Brokers and Mini-Correspondents - Are You Ready for Your Next Audit?
Who We Are
With a team that includes accomplished attorneys and experienced compliance practitioners, Strategic Compliance Partners (SCP) brings together innovative technologies and legal insight to deliver outstanding compliance consulting services to mortgage banks, warehouse banks, mortgage brokers, and other financial institutions. Our clients benefit from a multifaceted, forward-thinking approach to compliance at a fixed price, significantly lower than hiring a full-time employee.
Who We Serve
Learn more about our programs for:
Correspondent Lenders / Mortgage Bankers
Today’s mortgage lenders face extraordinary demands. As a result, many lack the capacity to take a proactive approach to compliance. With SCP’s Full Compliance and Core Compliance solutions, lenders not only receive the support they need to adhere to all federal and state regulations, but also gain the freedom to scale their businesses.
Mortgage BrokersSituated between a general consumer population and the complex regulatory world, brokers must follow a strict and constantly evolving set of rules. With SCP’s Real Time Compliance programs, brokers receive federal and state policy guides, training, and monthly compliance support—all for an affordable, fixed monthly fee.
Community BanksIf you work for a bank, you know non-compliance is not an option, due to the large financial penalties, legal conflicts, and broad consumer distrust that follow in the wake of any misstep. With SCP’s Full Compliance and Core Compliance programs, bankers receive the support they need to adhere to all regulations.
Mini-CorrespondentsAs a mini-correspondent or non-delegated mortgage lender, you may frequently find yourself preoccupied with rapid changes in the regulatory environment. With SCP’s Real Time Compliance programs, mini-correspondents benefit from up-to-date tools designed to help you always stay compliant.
Wholesale LendersNo matter what kind of third party business you conduct, your relationships hinge on your ability to help your commercial partners navigate the ever-changing maze of federal and state regulations. With SCP’s Real Time Compliance programs, you can empower your clients by providing them with access to industry-leading policies, training, and support to keep them CFPB-compliant and on track for success.
Over the last several months the Consumer Financial Protection Bureau has focused on financial abuse…Continue Reading
Whether certain loan officers are exempt from minimum wage and overtime compensation is an argument…Continue Reading
Working with our SCP support team has allowed our compliance program to remain up-to-date and we are now well-positioned to grow steadily while at the same time staying compliant. Knowing we have a go-to for all of our compliance needs gives us piece of mind we are doing things right and ready for our next audit.
Ilene C., Operations Director