Representative Engagements

CrossCheck was engaged to perform quarterly monitoring of a bank’s compliance with the Truth in Lending and RESPA Integrated Disclosure (TRID) requirements. We established a quarterly process to select and review a sample of the bank’s new loan production, stratifying the sample for higher-risk issues and out-of-tolerance situations that could result in expensive customer reimbursements. CrossCheck identified the root causes of many issues and recommended operational enhancements to reduce recurring errors. Management used the trending analysis reports we provided to track progress over time and implement operational changes to strengthen compliance going forward.