How Automation Keeps Compliance Sane
Compliance has become what determines the overall success of a mortgage lending company. Maintaining compliance used to be much simpler, but in the post-financial meltdown world, the requirements will cost lenders money, or worse, their sheer existence. Six rules and each of their various components will take effect in 2014 – and the industry is feeling the heat.
How can automation help lenders satisfy regulations and ensure business is ready for change by next year? Frederic Gooch, general counsel and vice president of Compliance, answers this question in HousingWire’s September issue.