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FRACTIONAL COMPLIANCE OFFICERS

Fractional Compliance Officer icon

When you find yourself without a full time compliance professional on staff, count on LRA to provide you with the compliance skills you need to run your business.

 

Fractional Compliance Officer support allows you to leverage the expertise of seasoned compliance professionals who understand the nuances of mortgage regulations at a "fraction" of the cost. 

 

Our program's success hinges on understanding the unique culture and character of your company. This insight allows us to provide support that is precisely tailored to your needs.

Fractional Compliance Officer Services Include:

  • Attend meetings to provide agenda-specific items

  • Assess outstanding risks and prioritize solution deployment

  • Draft company-specific policies and desk-top procedures

  • Stand in as your compliance officer for any purpose, including attending state examinations and providing state examination responses

  • Manage and report data for quarterly Mortgage Call Reports (MCRs) and annual Home Mortgage Disclosure Act (HMDA) reports

  • Create and/or manage your entire Compliance Management System (CMS)

  • Offer strategic advice

Need Fractional Compliance Officer Support?

By integrating our Fractional Compliance Officer services, you gain the flexibility to scale your compliance efforts as needed, ensuring both cost-efficiency and robust oversight. This service is ideal for mortgage banks seeking to enhance their compliance stance with expert guidance tailored to their specific operations and challenges.

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