CarletonAudit Helped a Regional Lender Identify Loan Origination Irregularities to Achieve Ongoing Compliant Loan Calculations
AUDIT identifies past errors as a pathway to accomplish origination compliance
During the middle 1980’s, the challenge of the cold war era brought on a philosophy shared by both the United States and Soviet Union - “Trust but Verify”. President Ronald Reagan expressed that philosophy as the foundation for a stable world.
That proverb still applies in the foundation for today’s financial services world of compliance. As part of the July 2010 Dodd-Frank Act, lenders are challenged to implement loan origination processes to assure proper loan/lease computations in both their disclosures and loan documents.
This study represents one lender that confidentially shared their experience using CarletonAudit as a solution to assure compliant loan origination calculations.
Posted on Aug 09, 2017