The Mortgage Compliance Landscape
Navigating the web of federal and state regulations is a significant challenge. Lack of awareness is not a defense. Below are the key regulations your business must adhere to in order to protect funding and avoid penalties.
FTC Safeguards Rule
Failure to secure client data can result in federal fines exceeding $100,000 per violation and civil litigation.
Fannie Mae & Freddie Mac
Missing the 36-hour incident reporting deadline can trigger immediate suspension of your lending authority and halt funding.
GLBA Safeguards Rule
Federal law requiring all financial institutions to protect consumer data. Non-compliance triggers aggressive FTC enforcement and multi-million dollar class-action exposure..
National Data Privacy Standards
Navigating the patchwork of 50+ varying state reporting requirements. We ensure national compliance to prevent localized breaches from triggering country-wide regulatory audits..