Strategic Compliance Partners understands that Lenders have different needs managing compliance. Whether it is a full support solution or an individual project, SCP can provide you with the knowledge and support lenders require to reach their compliance goals.
SCP can support your company with the following services:
SCP will evaluate the client’s current policies and procedures and determine if they meet Federal and State guidelines. In addition, SCP will review overall operations and compliance management systems to ensure systemic operations are consistent with current legal requirements. Resulting from this gap analysis, SCP will be able structure compliance recommendations to ensure that operations meet Federal and State guidelines.
Policies and Procedures
Review, revision and/or development of Federal and State policies, and assist in the creation and implementation of policy consistent practices (as applicable) pertaining to the core policies (as stated within the CFPB examination guide) and supporting policies.
Call Report Preparation
SCP will review, provide guidance and establish procedures to ensure call reports are prepared properly according to federal guidelines.
SCP will help prepare your compliance team for any upcoming Federal or State audit – on or offsite.
Disparate Risk Analysis
Fair Lending Analysis
SCP will assist in providing data for fair lending regression analysis and perform an analysis on a pricing and underwriting first level analysis. SCP will provide interpretations, recommendations, and necessary policies, procedures and training.
SCP will assist in preparing all policies and procedures for Fannie and Freddie audit.
Quality Control Audits
SCP will work with your team in preparing internal and quality control audit plans.
Initial Investigatory/Litigation Response
SCP will make initial recommendations in the event of regulatory investigations and legal action. The support team will review litigation claims, assist in securing outside counsel if necessary, and discuss claims with outside counsel. At the appropriate time and in conjunction with outside counsel, the support team will make corrective recommendations.
SCP will review your marketing materials – website, direct mail, radio advertising, social media and more to ensure they meet all Federal and State regulations.
Whether it is onsite or online SCP can provide compliance training for groups of all sizes. Courses have been written and vetted by compliance professionals, attorneys and education specialists. Online courses are SCORM compliant delivered through our online training center. The twenty plus online courses are approximately 30 – 45 minutes and includes an exam at the end.
Compliance Advisory Support
In addition to general questions and assistance, SCP can address questions and/or provide assistance with any compliance matters. Compliance support can be purchased on an hourly basis.