In today’s environment, lenders and services should strike a balance between minimizing operational cost while improving customer experience and strengthening risk surveillance.
Guidehouse has found that many lenders, services, and other financial institutions are often looking to maximize the value of their compliance spending through implementing a three-lines-of-defense risk model that positions risk management while the organization as a performance enabler.
In partnering with industry leaders to transform compliance programs, we believe financial institutions can drive down the cost of compliance by focusing efforts on four areas:
- Improving regulatory coverage and change management
- Enabling total population and/or risk-based sampling
- Increasing speed and quantification and resolution
- Reducing annual compliance cost, while maintaining effectiveness.
Guidehouse offers a tailored suite of compliance solutions that can help you reduce costs significantly and improve your current operating model to develop an effective compliance program.
Latest From Operations & Consumer Compliance Risk Monitoring & Testing
November 21, 2022 AlertPost-Closing Quality Control Mortgage LendingQ&A between Beji Varghese and Matthew Moosariparambil on mortgage originations
August 25, 2022 InsightsFinancial Services Enforcement Actions TrackerAugust 2022 Update
August 11, 2022 ResearchFuture of Mortgage Lending ReportSpencer Lee Report | Arizent & National Mortgage News
December 13, 2021 InsightsFinancial Services Enforcement Actions TrackerLatest Updates | December 2021
December 1, 2021 AlertSection 1071 is Coming – How Should Financial Institutions Start to Prepare
June 16, 2021 InsightsSubservicer Oversight in 2021Are You Prepared?
June 7, 2021 AlertConsumer Complaints – Assessing the Increasing Credit Reporting and Mortgage Complaints