Asurity Advisors Risk Assessment
Leveraging the First Line in Second Line Risk AssessmentsCompliance risk assessments are the backbone of an effective compliance management system (“CMS”). They enable active risk management by identifying and measuring compliance risks both inherent and realized across the institution. In addition, they inform monitoring and testing schedules, dictate the types and amounts of resources (both human and technological) allocated by the institution, and […]
Asurity Advisors banking risk management
Third Party Risk Management – Final Interagency Guidance RefresherThe Board of Governors of the Federal Reserve System (Board)[1], the Federal Deposit Insurance Corporation (FDIC)[2], and the Office of the Comptroller of the Currency (OCC), Treasury[3], issued comprehensive joint guidance[4] on managing risks associated with third-party relationships. This guidance provides pertinent information for banking institutions to readily address the complexities and potential risks that […]
TRID
TRID Refresher Series (Part 3): Examinations Under TRIDFor mortgage lenders, the mortgage process can be daunting, with its myriad regulations and requirements. Among these, the TILA-RESPA Integrated Disclosure (TRID) Rule, implemented by the Consumer Financial Protection Bureau (CFPB) in 2015, stands out for its impact on disclosure timing and tolerance requirements for mortgage lenders. In the first two posts of this series […]
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For more than a decade, innovation in the mortgage industry has lagged behind other sectors being transformed by the fintech revolution. Now the time for change has come. Unless you are Rip Van Winkle, you’ve been inundated by messaging about the ongoing digital transformation, and perhaps worried you are missing the boat. However, an organization […]
The Uniform Residential Loan Application can be complicated for both the borrower and the lender, especially when it comes to staying up-to-date on the new changes to the application and what they mean. In this blog post, we’ll explore what the Uniform Residential Loan Application is, the recent updates to the application, and what these […]
While neither candidate for president has really focused on housing and fair lending laws during his campaign, no matter who takes office in 2021, the future of housing finance could look quite different over the next few years.
