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The Compliance Group Provides Mortgage Servicer Risk Management Solutions Including Audit Preparation, Servicing QC, GSE, HUD and CFPB Compliance

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   Banking and Finance News

   PRESS         RELEASE:
   The Compliance Group Provides Mortgage Servicer Risk
   Management Solutions Including Audit Preparation, Servicing
   QC, GSE, HUD and CFPB Compliance
   Thu, 15 Nov 2012, 14:02:57 EST

   SAN MARCOS, Calif., Nov. 15, 2012 (SEND2PRESS NEWSWIRE) -- Leading
   mortgage compliance services provider, The Compliance Group, Inc. (TCG), is
   offering mortgage servicers its expert compliance and risk services, including
   regulatory audit preparation, Servicing QC, enterprise risk management (ERM)
   QC and servicing risk management.

   TCG's suite of servicer risk solutions is built upon the firm's deep industry roots
   and its long-held reputation as a mortgage compliance expert focused on
   quality control (QC) and risk management methodologies since 2000. TCG's
   founder and president, Annemaria Allen, a career mortgage QC and
   compliance expert for more than two decades, has assembled a compliance
   services leadership team comprising centuries of practical experience.

   "According to the servicers we talk with, the most active players on the ground
   are the GSEs and HUD, which are the Goliaths," Allen said. "There are also
   indications that CFPB audit inquiries are accelerating."

   Servicers' primary concern today needs to be preparing for audits or other action taken by the GSEs, HUD and, more recently,
   the CFPB. Audit preparation is personnel-intensive work that few servicers are correctly staffed to undertake, and is a process
   that can be mangled by applying retrofitted outsource technology.

   "TCG emphasizes the importance of the human element in dealing with the nuances of evolving mortgage servicer
   regulations, in part due to their newness," Allen said. "Although many standard GSE and HUD servicing best practices have
   been in existence for quite a long time, they are being brought to light in a more aggressive manner and with more ominous
   consequences."

   TCG's mortgage servicing compliance and risk methodology is characterized by a "mock audit" exercise that maps and
   evaluates servicers' processes and protocols with an eye both for failures to comply and failures to follow existing QC policies.

   "Many servicers lack resources to monitor internal audit procedures," Allen said. "That's why it is critical for servicers to know
   who their 'go-to' resource is going to be in the event of an audit, and why prudent servicers are getting the ball rolling before
   the knock on their door."

   About The Compliance Group:

   The Compliance Group (TCG) - www.TheComplianceGroup.net - 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 Quality Control, and Compliance
   and Licensing. Founded by Annemaria Allen in 2000, TCG has built upon her deeply experienced understanding of




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PRESS RELEASE: The Compliance Group Provides Mortgage Servicer Risk Management Solutions... Page 2 of 2




   compliance and risk management to bring peace of mind to the financial services industry.

   TCG's LicenseTracker(R) (www.LicenseTracker.net), 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. The Compliance Group supports lenders' most critical origination compliance challenges
   including: RESPA, TILA, ECOA, privacy, HOEPA, HMDA, multi-state requirements, procedural checklist creation, policy and
   procedure writing and staff training.

   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.

   For more information, contact annemaria@thecompliancegroup.net.


   NEWS SOURCE: The Compliance Group

   Send2Press® is the originating wire service for this story.



   PRESS RELEASE PERMALINK: http://www.send2press.com/newswire/The-Compliance-Group-Provides-Mortgage-Servicer-Risk-Management-

   Solutions-Including-Audit-Preparation-Servicing-QC-GSE-HUD-and-CFPB-Compliance_2012-11-1115-002.shtml



   For more information about this news release, contact The Compliance Group directly through their Web site found in the above press release, and

   NOT Send2Press.



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Description: SAN MARCOS, Calif., Nov. 15, 2012 (SEND2PRESS NEWSWIRE) -- Leading mortgage compliance services provider, The Compliance Group, Inc. (TCG), is offering mortgage servicers its expert compliance and risk services, including regulatory audit preparation, Servicing QC, enterprise risk management (ERM) QC and servicing risk management.