Banker's Compliance Consulting Blog

FinCEN Issues Beneficial Owner Relief

On February 13th, FinCEN issued an Order granting “exceptive relief” to the beneficial owner...

Documenting Intent to Proceed for TRID

For applications subject to TRID, getting an applicant’s intent to proceed is an important step in...

TRID & Good Faith

“Good faith” is an important concept when it comes to providing TRID disclosures, such as the Loan...

Lender Role in the BSA/AML/CFT Program

Lenders typically aren’t involved in the day-to-day recordkeeping and reporting processes of an...

Regulation E Business Days

Many of the timing requirements found in Regulation E are based on “business days”.There are some...

HMDA: Reporting the Action Taken for Counteroffers

In one of our recent HMDA webinars, we received the following question:

HMDA: Reporting the Loan Amount

Reporting the loan amount for HMDA can be tricky.First of all, you are required to report the exact...

TRID: Estimates on the Closing Disclosure

The Closing Disclosure is required to be in the applicant’s hand at least three business days...

HMDA: Prequalifications vs. Preapprovals

Lenders, and others in the mortgage industry often use the terms “prequalification” and...

OFAC: What Your Frontline Needs to Know

When it comes to BSA/AML/CFT, your frontline personnel are a key to compliance.They are the ones...