Fintech Compliance Review – New Products and Services

fintech company engaged CrossCheck to assist it with a review of its home equity line of credit (HELOC) program documents by counsel licensed in 48 states. CrossCheck utilized its relationships with financial services law firms to source local counsel in each state with the expertise to perform the state specific reviews and managed the process including negotiating the services and fees of local counsel on behalf of the client, providing instructions for the reviews, responding to questions, tracking status, deliverables, and managing client billing. As a result, the client was able to roll out its HELOC program nationwide quickly and cost-effectively, with a built-in network of legal counsel to support future needs.

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