Consumer Compliance Solutions | Anti-predatory/High-cost Laws

Anti-Predatory Lending Solutions

Anti-predatory lending compliance is more difficult than ever. It takes a comprehensive program that monitors diverse portfolios and third-party loan originators. The task is exacerbated by ever-changing and increasingly complex federal, state and municipal regulations. Coping with this tangled web of legislation is a formidable task.

There is simply too much at stake to risk non-compliance. Every loan in production or in a pool of closed loans must comply with all applicable anti-predatory lending laws. Lenders with diverse portfolios must contend with additional risk posed by third party originators like mortgage brokers. Non-compliance leaves your institution liable for statutory and punitive damages plus license non-renewal. You can even be personally liable for civil penalties.

Increase productivity while lowering compliance costs

Now you can have a fully customized compliance program that protects you from predatory lending risk. Wiz Sentinel™ automatically reviews every loan against anti-predatory lending laws to make sure that all loans are compliant prior to funding. And because it’s fully automated, Wiz Sentinel increases productivity and lowers your compliance costs.

Consulting Services can help you customize the program to compliment your institution’s management practices and internal resources. We can provide you with the expertise you need to become fully compliant with all anti-predatory lending laws and regulations.

You can also outsource all or any part of your compliance program to us. We have the expertise and resources to provide program monitoring, regulatory submissions and training on an outsourced basis.

Click here to learn more about Wiz Sentinel.