The Compliance Group, Inc.

CARLSBAD, Calif. /California Newswire/ — To meet lenders' growing demand for compliance assistance, leading mortgage compliance services provider The Compliance Group, Inc. (TCG) today announced that it offers a comprehensive suite of audit and monthly outsourced compliance services, encompassing both federal and state-level audits as well as a host of other compliance-related reviews and content development.

"While compliance 'providers' seem to be popping up left and right, TCG has been in the compliance business for more than 14 years, and these kinds of services have long been the cornerstone of our business," said Annemaria Allen, CEO/president of The Compliance Group. "Furthermore, the depth of experience of our staff is among the most extensive in the industry and is what we believe to be our differentiator in the market."

TCG will be in attendance at the Mortgage Bankers Association's Legal Issues and Regulatory Compliance Conference in San Diego May 4 – 7. To speak with a TCG representative at the show or for more information on TCG's audit/compliance services, contact National Sales Director Nicole Delzer at 760-571-5410, ext. 114 or

TCG's outsourced compliance services are designed for lenders seeking ongoing support in meeting their internal and external compliance demands. Based on each client's unique needs, TCG operates as an extension of the lender, executing the agreed-upon compliance program and providing monthly support, updates and feedback. TCG also provides lenders with access to its staff of qualified compliance experts to address various compliance questions.

In addition, these services are also offered a la carte, allowing lenders to build the outsourced compliance program that fits their needs and budget. TCG can support, but is not limited to the following compliance activities:

* State and/or federal audits;
* Disclosure reviews;
* Written policy and procedures for a wide range of regulations, including:
– Anti-Money Laundering (AML);
– Home Mortgage Disclosure Act (HMDA);
– Gramm-Leach-Bliley Act (GLB);
– Real Estate Settlement and Procedures Act (RESPA);
– Truth in Lending Act (TILA);
– Customer Complaints; and
– Equal Credit Opportunity Act (ECOA);
* Testing against existing policy and procedures;
* Compliance file reviews;
* Due diligence;
* Fair Lending reviews;
* Advertising reviews; and
* CFPB, FHA and GSE audit preparedness.

In regards to specific external audits, TCG bases part of its core review upon audit recommendations provided by Fannie Mae – which, according to Allen, are by far one of the most comprehensive. TCG also reviews all departments within the lender's origination and servicing operations to determine if any deficiencies exist and examines the following areas of compliance regulations for areas of risk:

* Regulation Z;
* Regulation X;
* Regulation B;
* Fair Credit Reporting Act (FCRA)/Fair and Accurate Credit Transactions Act (FACTA);
* Unfair, Deceptive, or Abusive Acts or Practices (UDAAP);
* Gramm-Leach-Bliley Act;
* Appraiser Independence Requirements (AIR); and
* HMDA, with specific interest on how data is captured.

"Often, lenders are resource shy and need to perform these kinds of audits to meet various investor and regulatory requirements. Other times, lenders simply need to focus on critical areas and demonstrate that the audit process is occurring," Allen added. "Regardless, TCG provides a thorough review of all the nuances of a lender's operations to identify existing best practices and provide actionable items for improvement."

About The Compliance Group:

The Compliance Group (TCG) is a leading nationwide financial services risk management organization focused solely on its clients' compliance success ( TCG has helped hundreds of financial institutions mitigate risk and losses with its proprietary, patent-pending technology and its core business solutions of Compliance, Quality Control and Licensing. Founded by Annemaria Allen in 2000, TCG has built upon her deeply experienced understanding of compliance and risk management to bring peace of mind to the financial services industry.

TCG's LicenseTracker(R) (, is a patent pending, web-based application, to help mortgage businesses, branches, and loan originators maintain and track required state and federal agency licensing deadlines and continuing education requirements.

TCG technology is complemented by its experts' keen attention to delivering results the right way – with integrity, quality, transparency, reliability and customer care. Its appreciation for relationship building allows TCG to assist its clients in understanding the complexity of compliance, developing their strengths in areas of risk while turning compliance and quality control into a profitability strategy.

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