A fintech company sought consulting services to assist them with a review of its home equity line of credit (“HELOC”) program documents by counsel licensed in 48 states. CrossCheck Compliance utilized its relationships with financial services law firms to source local counsel in each of the states with the expertise to perform the state specific […]
Compliance Management System (CMS)
The unique relationships between an industrial bank and its strategic partners require the bank to maintain its own effective compliance management system (CMS), including a robust vendor management program comprising strong oversight of the operations and the CMS of its strategic partners. CrossCheck has completed reviews of the CMS of both sides of such relationships, […]
Compliance Management Systems (CMS)
As non-depository mortgage entities and fintechs align their internal control structures with the expectations of the CFPB, numerous clients have engaged CrossCheck to perform compliance management system (CMS) assessments of the two interdependent control components of an effective CMS which include: Board and Management Oversight; and Compliance Program, which includes: Policies and procedures; Training; Monitoring […]
Internal Audit Plan Development and Risk Assessment
Continued growth and increased regulatory and investor scrutiny have prompted a number of mid-size, private non-depository mortgage servicers, originators, and fintech companies to implement an internal audit function. CrossCheck deploys experienced and certified internal auditors to assist with development of an internal audit plan including a risk assessment, audit schedule, and management and board reporting. […]
