Washington

The real mortgage compliance risk isn’t noncompliance 

Lenders know they can’t afford to be out of compliance with any of the new rules coming out of Washington or their state legislatures. I’ve been watching them work hard with technology and compliance partners, as well as internal trainers and managers to guarantee compliance. I’ve been very impressed with how well our industry has adapted to a flood of new regulatory pressure in a very short period of time. Too bad that won’t save every compliant lender from the high cost that comes from appearing to be out of compliance.