Banker's Compliance Consulting Blog

Section 1071: Keeping Your Board Informed

It’s no secret that Section 1071 is up in the air. No one really knows for sure how it will all...

What’s Up with Section 1071

You are all likely aware that the Section 1071 Rule is in a state of flux. There have been...

Adverse Action & Prequalifications

We received a great question from a Monthly Connection member at our April meeting. It went...

Free Deposit Compliance Q & A

Advertising is one of those areas of compliance that can be affected by a lot of different...

Auditing TRID: Revised Disclosures

When our team looks at TRID loan files, they spend a lot of time on revised disclosures. Why?...

Flood Insurance & Low-Value Buildings

A common misconception regarding flood insurance is that low-value buildings do not require flood...

Auditing TRID Application Dates

When it comes to compliance, the application date is often what triggers required disclosures....

TRID Tolerances & Cures

One of the key components of the TRID Rule is the concept of tolerances. Essentially, you will be...

Closing Disclosures & Third Parties

When it comes to the Closing Disclosure (CD), things can get a little confusing when third parties...

Section 1071 Firewall

The Section 1071 Rule requires financial institutions to implement and maintain a “firewall” that...