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Growth Through Knowledge, Understanding, and Proactivity
Risk Management and Compliance
The Collingwood Group recognizes the importance of understanding changes within the environment of the financial services industry; knowing what to do – and what not to do -- and proactively identifying potential issues for resolution before they bring additional scrutiny and enforcement actions.
The Collingwood Group’s Risk Management and Compliance Division specializes in FHA and Ginnie Mae compliance and risk management. The division supports the full range of clients’ business activities, including: loan originations, servicing, loss mitigation and claims management, Quality Control Plan development and implementation, and FHA and Ginnie Mae lender and issuer approval. The Division’s experience also includes responding to FHA and HUD Office of Inspector General (OIG) audits, as well as Credit Watch and Direct Endorsement Authority terminations. Staffed by the industry’s largest group of former HUD employees – including two former Mortgagee Review Board Secretaries – the team brings a combined two hundred plus years of experience in FHA and VA compliance and risk management.
The Risk Management and Compliance Division serves our clients by:
- Creating an operational risk assessment to determine the company’s vulnerability with regard to potential regulatory and/or compliance enforcement actions;
- Improving portfolio performance by determining potential fraud or misrepresentation;
- Identifying compliance and risk management deficiencies and making recommendations for constructive corrective actions;
- When required, supporting clients through appeals of Mortgagee Review Board actions, Quality Assurance Division reviews, or Credit Watch or Direct Endorsement enforcement;
- Understanding and navigating VA compliance reviews;
- Developing Quality Control plans, processes and systems designed to help ensure compliance with FHA regulations;
- Helping improve efficacy of quality origination processes while mitigating losses;
- Helping avoid enforcement actions, investor repurchases, or Agency indemnifications and maximize FHA claim filing;
- Helping reduce or avoid interest curtailments and missed expense and fee opportunities;
- Maximizing success with claims processing recommendations, potentially saving significant dollars.
We are here to help our clients grow their businesses by being proactive with these issues.