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Posted: September 25th, 2006 under Uncategorized.
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What RMG Has To Offer
Risk Mitigation is a national compliance management firm which provides professional, advisory, and consulting services to financial institutions, mortgage bankers, and consumer lending entities. Our expertise addresses all critical areas associated with regulatory matters, compliance, and quality control. RMG can assist clients in meeting the oversight of regulators, fair lending mandates, and maintaining internal lending integrity and validation practices through independent quality control audits.
Quality Control Planning, Development, Implementation
- Plan review and preparation
- On-Site reviews and certification
- Documentation meeting the scrutiny of HUD, Fannie Mae, Freddie Mac, private investors, or warehouse lenders
Quality Control File Reviews
- Independent and objective Q.C. on pre- and post- closing basis
- Cost effective outsourcing of post closing file review
- Detailed file audits, reverifications & data integrity checks
- Concise Q.C. reports on exceptions and compliance issues
Canceled / Declined File Reviews
Credit Watch
- Analysis and review
- Preparation of response information to HUD
- Appeal of termination of lending privilege decisions
- Preparation of reinstatement packages
FHA Audits
- Training
- Response to HUD audit findings
- Mitigation of Indemnification Order
Early Payment Default File Reviews
- Investigation of files and borrower information on loans suffering early payment defaults
Additional Services
- Negotiations / Mediation with HUD
- Fair Lending Training - In person or on DVD
- HMDA Analysis
IT IS UNLAWFUL to DISCRIMINATE IN HOUSING BASED ON THESE FACTORS
- Race
- Color
- National Origin
- Religion
- Sex
- Familial Status (families with children under the age of 18, or persons who are pregnant)
- Sexual Orientation
- Disability (if you or someone else close to you has a disability)
Risk Mitigation specializes in revealing perceptions of non-compliance issues in your organization. Fair Lending Consultation and Training is available and is tailored to meet your organizations' specific issues.
LEARN how to avoid allegations of discrimination
KNOW your fair housing obligations
FOCUS on what Testers are reporting
UNDERSTAND what information advocacy groups use that may result in allegations