WBA Compliance Article January 2019 In the January 2019 issue of Wisconsin Banker, Heidi Wier was interviewed by the author of this article which discussed strategies for turning compliance into a competitive advantage. Among the topics that Heidi addressed were the importance of demonstrating to customers that the bank has a culture of compliance, performing… Read more »
Fair Lending for Commercial Loans – Western Banker Nov-Dec 2018 In the November-December 2018 issue of Western Banker, Karen Cullen, Director, Regulatory Compliance and Fair & Responsible Lending addresses the challenges of doing a fair lending review of commercial lending.
In the winter issue of California Mortgage Finance News, Liza Warner and Monika McCarthy address the considerations lenders face when reviewing the options for partnering with fintechs. Finding the right fintech solution partner and implementing compliance protocols and best practices to mitigate risks is a win-win for consumers, lenders, technology innovators, investors, and the industry… Read more »
Mergers and acquisitions (“M&As”) continue to increase, and compliance personnel play an important role in the process. In the November-December 2018 issue of ABA Bank Compliance, Heidi Wier addresses what compliance should focus on if you only have two days to perform a due diligence review. A strong roadmap that covers as many high-risk areas… Read more »
HMDA: Get Answers to Your Most Pressing Questions! On December 7th in Chicago, IL, industry experts and front-line subject matter experts will provide an update on HMDA related topics. Karen Cullen, director, Regulatory Compliance and Fair & Responsible Lending, will speak on HMDA Data Integrity: Importance of Systemic and Logic Reviews. Learn More
CrossCheck is hiring! We are looking for an innovative and driven Director of Business Development to join our team. In this role, you will focus on identifying and developing client relationships and expanding our presence in the financial services consulting market. We are seeking a top-level professional who is motivated to think outside the box… Read more »
In the November issue of Mortgage Compliance Magazine, Heidi Wier discusses how a risk assessment is the basis of an efficient and cost-effective internal audit plan. Learn how to identify inherent risk and consider the adequacy of internal controls to define residual risk and then create the audit plan.
In the September/October issue of Western Banker, Heidi Wier and Karen Cullen discuss the challenges in operationalizing and controlling UDAAP risk. In part, the challenge stems from the lack of implementing regulations. More so, the real challenge is the broad applicability of UDAAP throughout the organization and across the customer experience including products, pricing, marketing… Read more »
In the Compliance Action newsletter, Mollie Sudhoff, manager in the Regulatory Compliance practice, discusses The Economic Growth, Regulatory Relief, and Consumer Protection Act (“EGRRCPA”). Frequently referred to as “S2155” by the industry, this law has been hailed by many as “relief” from certain terms of the Dodd Frank Act. In this article, Mollie addresses what… Read more »
In the August 2018 issue of Mortgage Compliance Magazine, Todd Krell and Tim McWay discuss how a fraud prevention program that encompasses the entire loan life cycle can help mortgage lenders mitigate fraud risk. Given that industry data shows that once again, fraud has been increasing, this is a very timely article.
Ensuring the accuracy of Home Mortgage Disclosure Act (HMDA) data has always been a challenge. In the July issue of Housing Wire, Heidi Wier, managing director, shares how systemic data integrity reviews can help manage risk.
Are-You-Leaving-Money-on-the-Table In a special supplement to Illinois Banker, 2018 Banking Trends: Management and Operations, Heidi Wier, managing director, and Kelli Schoon-Saxsma, manager, discuss how a lack of focus or dedication of resources toward Regulation E and claims processing could lead to unintended errors, or even ‘over compliance’, which may increase operating losses and leave money… Read more »
State Attorneys General Ramping Up In the summer issue of California Mortgage Finance News, Monika McCarthy, managing director and general counsel, addresses the ramp up in supervision and enforcement by the state regulators in areas where the CFPB is pulling back.
Controlling the Narrative – Now is the Time to Understand Your Data In the June issue of Mortgage Compliance Magazine, Karen Cullen, Director, Regulatory Compliance & Fair Lending, writes about the key elements that your institution needs to consider in understanding how your HMDA data relates to your business.
Karen Cullen has joined CrossCheck Compliance as a director in our Compliance and Fair & Responsible Lending practices. Karen is a regulatory compliance and fair lending leader with over twenty-five years in financial services including banking, mortgage banking and electronic payment services. She has both corporate and organizational expertise in detailed compliance program implementation, quality control… Read more »
Staffing-up-for-CMS-ABA-Bank-Compliance.pdf. In this article, seen in the March-April issue of ABA Bank Compliance, Liza Warner, managing director, discusses how financial institutions of all sizes must continue to evolve their compliance teams to set the culture of compliance throughout the organization, resulting in a more effective Compliance Management System (CMS).
This article was originally published as the cover story of the September-October 2017 issue of ABA Bank Compliance. Jim Shankle and Liza Warner discuss the challenges faced by loan servicers in implementing the 2016 Servicing Rule.
Mortgage Banking Magazine Servicing Article In this article published in Mortgage Banking Magazine, Chris Ortigara and Jim Shankle address the need for loan servicers to carefully review the loan-boarding processes to ensure compliance with the CFPB’s mortgage servicing rules.
Viewpoints CrossCheck In this Viewpoints 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.
Hot Topics for Regulatory – Compliance Pros 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… Read more »
CrossCheck Compliance LLC was recently profiled by the California Mortgage Bankers Association (CMBA). Our CEO, Jim Jorgensen, responded to the “Big 3” questions posed by the association about the state of the market and what to look forward to in the future.
Chris Ortigara discusses the key considerations for independent mortgage companies as they look to outside resources for internal audit support. Cross Check MCM Internal Audit – August 2017
Chris Ortigara, participating in this roundtable article, reflects on MSAs, challenges facing the mortgage industry and what lenders can do to better protect their data and information.
Jim Shankle and Chris Ortigara discuss the three critical components of successfully managing third-party risk of fintechs.
California Mortgage Finance – Unprecedented Times Call for Unprecedented Leadership, Advice for General Counsel from General Counsel
Monika McCarthy shares the advice of General Counsel colleagues on the challenges impacting the mortgage industry in this article published in California Mortgage Finance News. Learn more about how to better navigate this year’s risks.
Liza Warner discusses best practices for the consumer complaint management program in this article published in ABA Bank Compliance. Learn more about how banks can more effectively meet their strategic business objectives and manage regulatory risk. Update: The ABA announced in the September-October 2018 issue that Liza had won the prestigious APEX writing award for this… Read more »
Preparing for CFPB Servicing Exams, Avoiding Common Mistakes With Servicing Transfers and Private Mortgage Insurance
Jim Shankle and Chris Ortigara discuss preparing for CFPB servicing exams in this article published in Mortgage Compliance Magazine. Learn more about avoiding common mistakes with servicing transfers and private mortgage insurance.
Liza Warner discusses best practices for managing the second and third lines of defense in two articles published in ABA Bank Compliance Journal. Learn how to better protect your organization against risks in the compliance process.
Todd Krell and Chris Ortigara discuss the considerations regarding implementing TRID into your QC process. This article can also be found in the Summer Issue of California Mortgage Finance News published by the California Mortgage Bankers Association.
Heidi Wier discusses best practices for establishing a cost-effective internal audit function. Learn how to implement internal audit in a mortgage environment.
The heightened regulatory focus on the mortgage industry is driving public and non-public mortgage companies to enhance their corporate governance structures by implementing effective internal audit functions.
Chris Ortigara and Jim Shankle discuss internal audit for mortgage bankers in Mortgage Compliance Magazine. Learn how internal audit fits in the compliance puzzle.