Mortgage Compliance for Financial Institutions

Stay on top of mortgage regulations and improve internal processes to reduce risk.

CLA’s Bankers Advisory professionals work with regulator practices and policies, rulemakings pursuant to the Dodd-Frank Act, and other consumer credit regulations daily, so we can help you track trends and stay up to speed.

What’s on your mind?

  • Keeping up with an ever-changing regulatory environment
  • Understanding how charter, asset size, location, and other factors affect your institution
  • Evaluating mortgage documentation for compliance with tolerance thresholds, timing requirements, and data completion standards
  • Testing for accurate APR, finance charge, and QM points and feels calculations
  • Managing regular, ongoing compliance testing completed through in-depth documentation analyses covering both federal and state regulations

A unique approach

Compliance executives cannot afford to rely on anecdotal interpretations of laws, which are subject to sub-rules and transaction-based nuances. We help financial institutions manage compliance monitoring with ongoing tracking and reports designed to show trends by any business channel, region, division, or designated area of responsibility. Our team continually tracks legislative changes and keeps you up to date. Our services are available on a recurring or project basis, and can be completed remotely using processes audited annually under Service Organization Control (SOC-2) standards.

CLA Bankers Advisory’s proprietary software program allows us to provide detailed exception reports, roll-up summaries, and trending metrics to suit investor or regulatory needs. We know information becomes aged — so the sooner deficiencies are uncovered, the sooner process improvement can be put into place. We’ll provide meaningful findings reports that promote rapid remediation and document curing.

Mortgage compliance services

  • Qualified Mortgage and Ability to Repay testing
  • Truth-in-Lending and APR commercial testing
  • All loan types covered, including HELOCs
  • HMDA-LAR compliance assessments
  • MERS annual reports