Vendors Keepers, Losers Weepers

 Commentary & Analysis



July 28, 2015









You may be interested in reading my recently published article, entitled Vendors Keepers, Losers Weepers.

In this article, I discuss how to tailor an institution's vendor management process and the repercussions that result from a failure to implement appropriate due diligence solutions.

The article is published in the June 2015 edition of  National Mortgage Professional Magazine . A   Free Subscription   is available to our subscribers.

Please call or email me at any time to discuss your vendor compliance needs.

Michael Goldhirsh, Esq.
Executive Director/Vendors Compliance Group
Director/Legal & Regulatory Compliance - LCG  

Call: 516-442-3456 x 142

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With the steady stream of Consumer Financial Protection Bureau guidance, pronouncements and enforcement actions that have included findings relating to vendor management, third party compliance and oversight is no longer a matter addressed solely by the existence of a well written policy.


The CFPB has not only fired shots across the bow regarding its vendor management requirements and expectations, it has delivered some direct and consequential hits. In this author's opinion, it was done thoughtfully and with the intent to deliver a message.

Lenders Compliance Group of Companies are the first mortgage risk management firms in the United States that provide professional guidance and support to financial institutions in all areas of residential mortgage compliance, including the following: Mortgage Acts & Practices ● Legal and Regulatory Compliance ● Forensic Mortgage Audits ● HUD Exam Readiness ● Licensing Compliance ● HMDA/CRA ● Information Technology & Security ● Portfolio Risk Management ● Quality Control Audits ● Prefunding Audits ● Retail, Wholesale, and Correspondent Platforms ● Broker and TPO Compliance ● Investor and Servicer Compliance ● Loss Mitigation Strategies ● Marketing Compliance ● Due Diligence ● Credit Risk Management ● Loan Analytics Audits ● Compliance Audits ● Banking Exam Readiness ● GSE Applications ● Ginnie Mae Applications ● Training & Education ● CFPB Exam Readiness ● Anti-Money Laundering Program Compliance ● TPO Approvals ● Vendor & Closing Agent Approvals. 


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This newsletter is free to subscribers, clients, and colleagues, who also regularly receive our free Mortgage Compliance Updates, Publications Notices, and Commentaries.

Information contained in this email is not intended to be and is not a source of legal advice. The views expressed are those of the contributing author, as well as news services and websites linked hereto, and do not necessarily reflect the views or policies of Lenders Compliance Group, any governmental agency, business entity, organization, or institution. Lenders Compliance Group makes no representations concerning and does not guarantee the source, originality, accuracy, completeness, or reliability of any statement, information, data, finding, interpretation, advice, opinion, or view presented herein.

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