CrossCheck Compliance LLC, headquartered in Chicago, is a nationwide consulting firm providing regulatory compliance, internal audit, fair lending, loan review, and litigation support services exclusively to the financial services industry. Our experts adeptly identify the needs and challenges of our clients, having held similar positions as compliance officers, internal auditors, general counsel, outside counsel, regulators, underwriters, and consultants. Through a combination of deep experience and financial services expertise we are able to tailor solutions that fit each client’s size, complexity, and business needs.
Our experts assist clients with successfully managing compliance risk. Whether consulting on specific regulatory requirements, review of your compliance program, or targeted assessments, we tailor engagements to meet your needs.
Our experienced internal audit consultants are prepared to assist you with full outsourcing of the internal audit function or targeted audits of operational or compliance risk areas. We can also assist you with audit function development, internal audit charter development, a firm-wide risk assessment, and development of a risk-based internal audit plan.
Our commercial loan review services are designed to assist clients with objectively identifying and quantifying portfolio risk and assessing the adequacy of processes for monitoring and addressing credit quality.
We help our clients identify and better understand the risk inherent in mortgage loan originations and acquisitions as well as other consumer loan products.
We partner with all the following types of clients:
Preparing for the unexpected - Housing Wire
In this article in the December 2017/January 2018 issue of Housing Wire, Jim Jorgensen, President, CEO and Founder of CrossCheck Compliance, discusses how lenders can get in front of major risks through an enterprise risk management framework.Read More
Hot Tips for Regulatory/Compliance Pros - California Mortgage Finance News (CMFN)
This article is the latest in a series dealing with the issues facing the real estate finance industry. Each issue CMBA experts are asked for their thoughts on the issues at hand. In this issue of CMFN, Monika McCarthy, Managing Director and General Counsel, participated in a roundtable discussion related to eMortgages, the utilization of technology to improve compliance efforts, and the biggest state compliance/regulatory challenges lenders/servicers will face in 2018.Read More
HMDA - It's Not Just About the Data
In the November issue of Mortgage Compliance Magazine, Loretta Kirkwood, Managing Director, discusses the impact of the new and expanded HMDA data requirements on fair lending risk management.Read More
WATCH - DON'T WAIT, Is Your Fair Lending CMS Up-to-Date?
In the September issue of Mortgage Compliance Magazine, Loretta Kirkwood, Managing Director, Fair and Responsible Lending, and Austin Brown, Counsel at Skadden, Arps, Slate, Meagher & From LLP, address best practices for developing and implementing a fair lending compliance management system to mitigate fair lending risk. Congratulations to Loretta and Austin for writing the most read article of the September issue. This article was republished in the December issue of Mortgage Compliance Magazine.Read More
What Is Your Time Worth?
In Mortgage Compliance Magazine, Todd Krell, Managing Director, Consumer Loan Review, discusses how organizations can have a more effective quality assurance program and achieve their cost-benefit objectives by factoring in both timing as well as pricing in the selection of a vendor.Read More
Best Practices for the Consumer Complaint Management Program
Learn more about how banks can more effectively meet their strategic business objectives and manage regulatory risk in this article by Liza Warner, Managing Director, published in ABA Bank Compliance.Read More
Why Mortgage Companies Should Embrace Internal Audit
April, 2016 by Heidi Wier and Liza Warner.Read More
California MBA Legal Issues and Regulatory Compliance Conference 2017
Monika McCarthy, Managing Director and General Counsel, moderated the General Counsel Roundtable at this conference which was held on December 4 and 5 in Irvine, California.Read More
Wisconsin Bankers Association (WBA) Compliance Forum
Heidi Wier, Managing Director, presented HMDA - The Recent Finalized Amendments. The Forum was held October 31, November 1 and November 2 at different locations in Wisconsin.
Wisconsin Bankers Association (WBA) - Deposit Compliance Alumni Update Seminar
On November 8th, Jim Treacy, Director, addressed the Regulation CC changes. This seminar was geared specifically towards compliance officers.
Wisconsin Bankers Association (WBA) Real Estate Compliance School
Heidi Wier, Managing Director, and Jim Treacy, Director, taught a class on Reg Z and TRID, and Heidi also taught a class on HMDA, at the WBA's Real Estate Compliance School on September 27th and 28th at the Wintergreen Resort & Conference Center in the Wisconsin Dells. This school was designed to provide attendees with a strong foundation on federal and state real estate lending laws.Read More
Compliance Essentials/CMCP Interactive Session: Common Help Desk and Operational Questions for Compliance Officers
On Sunday September 17th at the MBA's Regulatory Compliance Conference, Monika McCarthy, Managing Director & General Counsel, spoke, along with H. Burton Embry, Executive Vice President & Chief Compliance Officer, Primary Residential Mortgage, Inc. This interactive session provided participants an opportunity to solve compliance problems and identify the tools and methods for solutions.Read More
Northern Illinois Compliance Association Workshop
Jim Treacy, Director, presented Final TRID and Mortgage Servicing Clarifications on Friday, September 8th at the NICA workshop. Jim "clarified" the clarifications and technical amendments on the final TRID rule issued by the CFPB July 7th. He also discussed the impact of the final rules issued by the CFPB on August 4, 2016 amending certain mortgage servicing rules.
The Regulation Where Everybody Knows Your Name
Loretta Kirkwood, Managing Director, presented on a QuestSoft webinar September 7th. The focus was the impact of expanded loan level data under the new CFPB HMDA rules and how it will affect fair lending analyses. This webinar was recommended for executive management, operations management, HMDA officers and compliance officers. To learn more about what was covered, and to access the materials on the QuestSoft website, click READ MORE.Read More
Credit Unions: Real Estate Lending Masters (REALM)
Loretta Kirkwood, Managing Director, Fair and Responsible Lending, recently presented a webinar entitled: HMDA - Are WE Ready? to CU:REALM (Credit Unions: Real Estate Lending Masters). This is a group that MGIC formed several years back with their strategic partners, Accenture Mortgage Cadence (LOS and technology provider to credit unions and others) and CU Realty Services (a Real Estate CUSO working only with credit unions). On the webinar Loretta addressed both the HMDA implementation and the fair lending impact. Please click READ MORE to view a handout with frequently asked questions as well as a HMDA field map of the old and new fields.Read More
Chicagoland Compliance Association (CCA) - Fair Lending and CRA: Tools to Succeed
Loretta Kirkwood, Managing Director, Fair and Responsible Lending, recently presented at the CCA's Fair Lending/CRA conference on July 14th in Oakbrook, Illinois. She discussed Fair Lending vs. UDAAP vs. CRA (approach, redlining, analytics).
California Mortgage Bankers Association (CMBA) Western States Loan Servicing and Technology Conference
Jim Shankle, Managing Director in the Regulatory Compliance and Internal Audit practices, spoke on the servicing compliance panel at this conference which took place August 6-8th in San Diego, CA. Servicing related articles can be found in the Related Resources section of Regulatory Compliance. Also see the article entitled The Mortgage Servicing Rule - Are You Prepared?Read More
- California Mortgage Bankers Association (CMBA) Member Profile
- Webinar - The Regulation Where Everybody Knows Your Name
- Managing Risk - Are You Fair and Responsible?
- New and Re-emerging Fair Lending Risks
- HMDA - Are WE Ready?