This document summarizes a comprehensive compliance operations review from Innoveta Strategies. The review covers key areas of regulatory compliance for financial services including the Loan Origination System, rate locking procedures, RESPA, ECOA, TILA, HMDA, privacy policies, and requirements of the SAFE Act, Patriot Act, and other relevant laws. The review evaluates loan setup and processing procedures, pipeline management, oversight of loan data accuracy, and compliance management practices. Innoveta Strategies provides assessments, recommendations, and assistance with controls, management, and measures to improve an organization's compliance performance and risk management.

1. INNOVETA Strategies
Building confidence in the Financial
Services Industry :
Managing the
Human Risk Variable

2. VETATM Compliance
Operations Review
This is a comprehensive review that covers
 LOS and Application  Graham/Leach/Bliley
 Rate Locking and Processing  SAFE Act
 RESPA and ECOA  Do not Call
 TILA  E-Disclosure
 Mortgage Disclosure Improvement Act  Patriot Act
 HMDA  Flood Insurance Act
 Whistleblower Program  Appraisal Independence Requirements
 Third Party Vendors

3. What we review
 What role your loan set up and Loan Origination System (LOS)
plays in maintaining compliance levels
 How your rate lock policies affect profitability and legal risks
 Your compliance and loan quality procedures at the point of
origination
 Pipeline management procedures for inaccurately quoted
rates, products, values and open ended pre-qualifications

4. What we review (cont.)
 RESPA and ECOA requirements during application and
processing
 P&P of LOS oversight of calculating APR, finance charge,
amount financed and total payments
 HMDA data collection procedures
 Policies for customer privacy and confidentiality
 Following SAFE Act requirements

5. Control. Manage. Measure.
Assessments;
KPIs of Compliance Measures
Management
Communication; Decision-making
Framework; Safety; Performance
Reviews; Leadership Culture; Management
Training; Feedback; Issues Response
P&P; Regulatory Compliance; Compensation Plans; Controls
Training Programs; Counter-Party Risk Management
Policy

6. Learn more…
For more information call Mark Taylor at 703.338.0081
Please check out our website: www.innovetastrategies.com
Get to know our team: www.innovetastrategies.com/about-us/
Send an email: info@innovetastrategies.com
We look forward to hearing from you.