Regulatory Compliance

Keeping pace with regulatory changes, supervision, enforcement, and the introduction of new and evolving technology solutions in financial services requires knowledge, expertise, and pragmatic solutions. Our experts assist institutions 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. Now more than ever, financial institutions must remain focused on the effectiveness of their compliance programs.

Internal Audit

Internal audit plays a critical role in identifying, evaluating, and resolving operational and compliance risk. As the “third line of defense” management relies on internal audit to identify issues that the front line, back office operations, and the risk management and compliance functions may not detect. 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 with audit function development, internal audit charter development, a firm-wide risk assessment, and development of a risk-based internal audit plan.

Fair & Responsible Lending

Managing fair lending risk is one of the most critical and subjective areas of compliance risk management. There is no one size fits all solution. Fair and responsible lending risk assessments should reflect business practices and address both qualitative process risk and quantitative performance risk. The integrity of your HMDA and CRA data is integral to the quality of your program. CrossCheck’s fair lending team has supported many clients with their fair lending needs including supervisory and enforcement actions.

Commercial Loan Review

Strong demand for credit, rising property values, increased competitiveness in commercial real estate (CRE) lending, and rising concentration levels of CRE, as well as other loan types, have been identified by the prudential regulators as potentially increasing risk of loss. Lenders must have strong risk management practices to address credit, operational, and financial risks through economic cycles. Our commercial loan review consultants assist clients with identifying and quantifying portfolio risk and assessing the adequacy of processes for monitoring and addressing credit quality.

Consumer Loan Review

Lenders face substantial regulatory oversight in all phases of production – from origination to servicing. The increasingly heightened standards from the Consumer Financial Protection Bureau (CFPB) and investors require that lenders have the right processes and procedures in place in order to mitigate all types of risk including credit, regulatory, and reputational risks. We help our clients identify and better understand the risk inherent in residential loan originations and acquisitions as well as other consumer loan products.

Litigation Support

CrossCheck provides litigation support and expert testimony on a variety of issues surrounding lending, servicing, and regulatory compliance. Our expert reports and testimony have addressed conformance to underwriting standards in mortgage-backed securities, repurchases, loan modifications, and alleged predatory lending. Our executive team’s deep experience and day-to-day involvement in the issues facing financial institutions allow us to provide the most credible expert testimony.