Compliance Matters - New Broadcast

I would like to introduce you to our new weekly broadcast on Mortgage News Network. 

Today marks the very first of our series of Compliance Matters.

Each week, on Friday, members of Lenders Compliance Group will speak on timely and important regulatory compliance topics.

Mortgage News Network is quickly becoming an important opportunity to stay in touch with current events in the mortgage space. According to MNN's founder, Joel Berman, the network is meant "to offer mortgage industry firms a resource for news and information." This is the first network of its kind, devoted solely to residential mortgage lenders and originators.

You can subscribe to MNN and receive daily updates and news, plus you will learn about forthcoming broadcasts. 

We are honored that MNN has asked us to participate in its series, interviews, specials, and events. 

Today's Compliance Matters broadcast, our first, is about a subject that should be the foundation of every company's business model: building a Culture of Compliance. I have published an article on this concept, which you can download here: Creating a Culture of Compliance.

So, please visit Mortgage News Network and watch our Compliance Matters broadcast. 

This is a fresh, new way to bring you information that supports your mortgage compliance needs.

Jonathan Foxx

President & Managing Director

TEAM TRID™ - Compliance Solution

Announcement by Jonathan Foxx
President & Managing Director

Lenders Compliance Group is the nationwide mortgage risk management firm. Today we announced TEAM TRID™, the hands-on compliance solution to implementing TILA-RESPA Disclosure Integration. LCG has put their own team together, consisting of subject matter experts in all relevant areas of regulatory compliance, the purpose of which is to ensure that the TILA-RESPA Integration Disclosure (TRID) requirements are implemented for their clients and financial services institutions with a need for compliance support. The compliance effective date for TRID is August 1, 2015.

My concern for several months now has been the misinformation, opinions, pontifications, webinars, seminars, assumptions, admonitions, speculations, disinformation, inaccuracies, exhortations, hedged answers, proclamations, tenuous training, costly forums and other pay-to-play venues, that have been heartily stalking mortgage lenders and originators.

Some purveyors of information are charging as much as $6000 just for TRID manuals, not counting the expensive training fees and hourly hand-holding fees! In my view, people need reasonably priced, expert support at this time, not yet another guide for the perplexed, costly training modules, and stop watch, hourly counseling charges.

The compliance solution offered by LCG is a hands-on approach, offered on a flat fee basis. By retaining Team TRID™, mortgage lenders, mortgage brokers, and settlement agents, will receive the tools needed to implement TRID.

According to the Team TRID™ methodology, clients will receive:

• Webinar and Overview: Four Step Method - Planning Steps 
• Webinar and Overview: Loan Estimate  
• Webinar and Overview: Closing Disclosure  
• Published & Advance Copy White Papers 
• Implementation Checklists for: 
• Mortgage Lenders
• Mortgage Brokers
• Settlement Agents 
• Virtual Round Tables 
• Consultations on TRID implementation 
• Access to Subject Matter Experts

The difference between us and the cottage industry of information pundits is that we provide an actual team of hands-on experts to work with a client, and we do not charge for forms, checklists, and procedures guidance. We move at the client’s pace. There is no hourly fee!

TRID is certainly a once-in-a-generation change to residential mortgage loan disclosure - it deserves a personal task force devoted assist in its implementation, with careful planning and cost-effective, reliable compliance support.

Click to learn more about Team TRID™.