With lenders and servicers now shouldering greater responsibility for their vendors' actions, mortgage companies have had to rethink the way they evaluate their business risks and manage compliance.

The higher standards mandated by the Consumer Financial Protection Bureau and other regulators have created an environment where it's no longer acceptable for lenders and servicers to solely focus their attention on evaluating and responding to risks on the individual loan level. Rather, mortgage companies must approach compliance at the organizational level, including thorough scrutiny of their vendors' risk management practices.

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Authoritative analysis and perspective for every segment of the mortgage industry