Compliance is more than a reality – it’s a growing concern. As this American Bankers Association (ABA) Banking Journal article notes, in a recent survey of community banks and credit unions, the Government Accountability Office (GAO) found that the cost of maintaining a compliance function, with all of its related components, is rising – and, in some cases, causing a pullback in those business areas that require regulatory oversight.
PHH Mortgage understands the costs that go into every loan – especially the need for compliance oversight that continues to grow each day. We are focused on helping companies address that need – for both themselves and their clients.
Jan 14, 2016