1. The rules change constantly, so what you knew in the past may not be      true today.

2. The rules vary by loan type, originator type, and geographical region.

3. The rules are open to multiple interpretations and unique      circumstances.

Is your company at risk due to inadvertent compliance violations or assignee liability, i.e., the mistakes of the previous owner of the loan? Compliance violations can result in stalled foreclosure actions, punitive damages from the courts, and revocation of licensing.  Lakewood offers hourly consulting services, loan file compliance testing, and staff training to investment companies, banks, and mortgage lenders.  If your company does not have a full time Compliance Officer, our expertise can help you stay in compliance at a fraction of the cost.  

Regulatory compliance is a troublesome aspect of mortgage lending for three reasons: