Transform Your Mortgage Brokerage with Compliance Outsource

Transform Your Mortgage Brokerage with Compliance Outsource

Navigating compliance as a mortgage broker can sometimes feel like trying to juggle flaming torches—stressful, overwhelming, and with very little room for error. That’s why Strategic Compliance Partners (SCP) has introduced Compliance Outsource, a game-changing solution designed to take the weight of compliance off your shoulders. Whether you’re just starting your brokerage journey or managing a growing operation, Compliance Outsource provides the tools and support you need to stay ahead.

What Is Compliance Outsource?

Imagine having a dedicated compliance team without the cost and complexity of building one in-house. That’s what Compliance Outsource offers. SCP’s team of experts becomes your compliance partner, handling everything from managing your company’s policies and procedures to navigating audits, licensing, and NMLS upkeep. It’s like having your own compliance superhero squad—minus the capes (but we’re open to suggestions).

Oh, and here’s the kicker: SCP has teamed up with Artemis, a leader in fractional business success management for brokers. This collaboration means you’re not just getting compliance help; you’re getting a powerhouse team committed to your overall success.

Why Mortgage Brokers Love Compliance Outsource

Compliance Outsource is more than a service—it’s a lifeline for brokers juggling multiple priorities. Here’s why it’s such a hit:

  • Stress-Free Licensing Support: Are you an LO looking to become a broker? Or a broker expanding operations? Compliance Outsource simplifies the licensing process, so you can focus on growing your business.
  • Audit-Ready Assistance: Concerned about CFPB audits? SCP ensures your compliance framework is bulletproof, making audits a breeze (well, as much as audits can be).
  • NMLS Upkeep Made Easy: Forget scrambling to file MCR reports or renewals. Compliance Outsource takes care of these essential but time-consuming tasks, so you don’t have to.
  • Customized Compliance Solutions: Every brokerage is unique. Compliance Outsource offers tailored solutions to fit your specific needs, ensuring your business stays protected and profitable.

Real-World Success Stories

Establish a Robust Hiring Process

Take Sarah, for example. She was a loan officer ready to open her own brokerage but felt overwhelmed by the licensing process. After partnering with SCP, she was up and running in no time, with all her compliance needs handled from day one. Or consider Mike, a broker facing an unexpected audit. With SCP’s Compliance Outsource team on his side, he navigated the process smoothly, avoiding costly penalties and headaches.

Pro Tip: Stay Ahead of the Compliance Curve

Register with Secretary of State

Pro Tip: Don’t wait until compliance issues arise to act. Partnering with a team like SCP early can save you from costly mistakes and give you peace of mind. Think of it as an investment in your business’s future.

The Numbers Don’t Lie

File Your Mortgage Call Reports Timely

  • Did you know the CFPB conducted over 1,000 audits last year? Many of these audits revealed compliance gaps that could have been avoided with proper preparation.
  • NMLS reports show that 30% of brokers miss key renewal deadlines, risking fines and operational setbacks. Compliance Outsource ensures you’re never part of that statistic.

Ready to Level Up Your Compliance Game?

Build Relationships with Lenders

Compliance doesn’t have to be a burden. With SCP’s Compliance Outsource—backed by the added expertise of Artemis—you get expert support that allows you to focus on what you do best—helping your clients.

Visit our Compliance Outsource page to learn more about how we can support your brokerage. Ready to discuss your needs? Schedule a call with us here, and let’s find the right solution for you.

What’s your biggest compliance challenge? Let us know, and let’s tackle it together!

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About Ari Karen

Ari Karen is an experienced litigator who has focused his practice in representing financial institutions in both government investigations and litigation before state and federal trial and appellate courts nationwide. Mr. Karen’s practice is diverse, representing clients on matters concerning banking regulations, Dodd Frank financial reform laws, contractual disputes, employment and labor statutes, wage-hour class actions, employment discrimination and fair lending matters, whistleblower complaints and non-competition claims, among others.

Mr. Karen speaks regularly on topics affecting all types of lenders including fair lending and disparate impact, LO compensation, marketing service agreements, compliance with social media, non QM lending, vendor management, and much more. Mr. Karen is a principal in the Financial Institutions Regulatory and Labor and Employment practice groups of the Offit Kurman law firm.