AllRegs Offers Federal Compliance
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Eagan, Minn. (Feb. 2, 2010). Mortgage compliance requires lenders to adhere to mortgage laws administered by HUD, the Federal Reserve and other financial regulators. Non-compliance with these regulations can result in lawsuits, legal fees, fines, buybacks and more. The best offense is to make sure your staff understands these laws and what it takes to comply with them.
AllRegs, in a continued effort to help save you time, increase productivity and maintain compliance with these agencies, is excited to announce the availability of the Federal Compliance Policy Manual. Offered as part of the Policy and Procedure Manual series, the Federal Compliance Policy Manual is a complete, 63-page template ready for personalization and insertion of your company-specific policy information.
“From ECOA to FCRA, MDIA to RESPA, mortgage companies need to understand the federal laws that impact their day to day business,” says Dan Thoms, senior vice president for AllRegs. “The Federal Compliance Policy Manual is a turnkey solution that provides a summary of 12 key federal regulations, including definitions, general requirements, forms and disclosures, prohibited actions and more.”
The Federal Compliance Policy Manual clearly spells out the law in an understandable format for everyone in your organization. The 12 federal regulations in the manual are:
- Equal Credit Opportunity Act
- Fair Housing Act
- Fair Credit Reporting Act
- Fair and Accurate Credit Transactions Act
- Flood Disaster Act
- Home Mortgage Disclosure Act
- Homeowners Protection Act
- Real Estate Settlement Procedures Act
- Service Civil Relief Act
- Mortgage Disclosure Improvement Act
- Truth in Lending Act
- Higher Priced Mortgage Loans
“You can personalize our template to suit your company, and you can easily add, delete and update your plan to suit your changing compliance needs,” continued Thoms. “We can even take it to the next level and publish your manual AllRegs Online using our Pro-Publishing solution, allowing your easy access and searchability through the same application that they use to access their AllRegs underwriting guidelines and state and federal regulations.”
The Federal Compliance Policy Manual is available for the one-time purchase fee of $895 per company. To purchase this manual, or any of the AllRegs’ Policy and Procedure Manual Templates, or to learn more about our Pro-Publishing Solution, visit www.allregs.com or call (800) 848-4904.
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About AllRegs
About AllRegs: First introduced in 1989, AllRegs is used by virtually all of the top 100 lenders as well as throughout numerous governmental agencies, including Fannie Mae, Freddie Mac, the FHLBs, FHA, VA, RHS, Ginnie Mae, and more. AllRegs is a Mortgage Technology Magazine Top 50 Service Provider for 2008 and 2009, winner of the 2009 Mortgage Technology Synergy Award with partner Mortech, and the exclusive electronic publisher of the Fannie Mae and Freddie Mac Single and Multi-Family Seller/Servicer Guides, The Federal Home Loan Banks’ MPF Program Guidelines, and CalPERS’ Member Home Loan Program Guidelines. Products include single and multifamily underwriting & insuring guidelines as well as federal compliance laws and regulations, state compliance laws and regulations with plain-language analyses, contract publishing services and a library of historical guidelines. The educational division, AllRegs Academy, offers distance learning, classroom training and practical guides. For more information, call (800) 848-4904 or go to www.allregs.com.
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