On July 11, 2022 CrossCheck Compliance experts Heidi Wier, Managing Director, Sara McGinnis, Director and Wendy McMillan, Manager, presented the second part of the Effective Internal Audit Function webinar series for the Mortgage Bankers Association. Julie Humphrey, EVP, Internal Audit, Fay Servicing, was also a presenter and provided the lender perspective. Building on themes in part one, in part two, Beyond the Basics, we discussed how effective internal audit programs evolve over time. What does it mean to have an effective internal audit function including corporate governance? How should the risk assessment process work and how does it impact the audit plan? What are the challenges of implementing an audit function? These are just some of the common questions facing mortgage bankers. Participants learned about practical, sustainable internal audit programs from experts who possess industry recognized internal audit credentials and a lender faced with these same questions.
