The document discusses mortgage compliance services for staying legally compliant with regulations. It offers options like having a compliance officer, BSA officer support, loan officer training, and policy/procedure integration. The monthly maintenance contract provides BSA officer support, loan officer compliance training, policy integration, and vendor management support. It aims to enhance existing staff understanding of new policies/procedures and ensure companies can stay current on compliance issues through training and audits while monitoring vendors. The fee schedule provides costs for initial setup, monthly maintenance, and hourly consulting services.

1. MortgageCompliance-
Services
In an effort to stay legally compliant with our ever changing
industry… Our common sense approach is to offer
several options for you to consider. The new Regulations
and Laws now hold Mortgage Companies accountable
for what Banks have had to do for years.
The problem is that most mortgage brokers do not have
sufficient staff or financing to stay compliant.

2. Continued…
The following slides will show you what’s involved to
stay legally compliant.
 Do you have a Compliance Officer?
 Do you have a BSA Officer?
 Who in your company is currently responsible for
filing a SAR?

3. Services
The following support is offered through our monthly
maintenance contract:
 BSA Officer Support
 Loan Officer Compliance Training
 Policy and Procedure Integration
 Vendor Management Support

4. BSA Officer Support
 Assist with investigations
 Assist with Suspicious Activity Report filings
 Identity Theft Red Flags and Training
 Elder abuse issues

5. Loan Officer Training
 Compliance training will include:
◦ Equal Credit Opportunity Act (ECOA)
◦ Home Mortgage Disclosure Act (HMDA)
◦ Regulation Z
◦ Real Estate Settlement Procedures Act
◦ Mortgage Disclosure Improvement Act (MDIA)
◦ Preapproval vs Prequalification
◦ Loan cancellation vs denial
◦ Loan Application issues

6. Vendor Management Process
 License and Insurance Verification
 Public records search for complaints and/or legal
issues
 Review of operational procedures and staff
 Formal approval process
 Internal checklists

7. Policy and Procedure Implementation
 Assist existing staff with understanding the new
procedures
 Train existing and new staff in regards to
compliance and procedure issues
 Assist senior management with the creation and
customization of internal procedures

8.  The services provided should be used to enhance and improve existing
operational staff with understanding the new Policies and Procedures.
 To assist senior management and operational staff with staying current
with compliance issues
 To maintain a structured training and internal audit schedule
 To monitor all 3rd party vendors
 To ensure company policies are in place to maintain support in filing
SAR’s and reporting Elder Abuse

9. Fee Schedule
 Initial setup and implementation $1,250
Includes complete Policy Manual and Desktop Procedure Library
 Monthly Maintenance and Retainer $ 750
Includes on site training and contact 24/7
 Consulting Services (Hourly) $ 75

10. Fee Schedule
 Initial setup and implementation $1,250
Includes complete Policy Manual and Desktop Procedure Library
 Monthly Maintenance and Retainer $ 750
Includes on site training and contact 24/7
 Consulting Services (Hourly) $ 75