LOCS Risk Assessment

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LOCS Tool 2: Risk Assessment

LOCS Tool 2: Risk Assessment

Price:

$49.00

Code:

WB302B

Expert:

REGCOM

The tools you’ll need to assess compliance programs and mitigate LOCS risk

The LOCS Risk Assessment tool provides a range of forms, documents and testing procedures to help you evaluate existing or newly-developed LOCS compliance programs, and reduce LOCS risk throughout your institution.

Contents and Tools include:

Sample Testing Procedures
Loan Originator Compensation Checklist
Loan Originator Compensation File Review Worksheet
Sample Data Sheet for Loan Originators
External Loan Originator Checklist
LOC Risk Assessment Matrix

These tools offer directors management tools to assess risk including:

Detailed testing procedures checklist to ensure TILA compliance
Loan Originator Compensation review checklists to assess controls over compensation activity
Loan originator data sheet forms
Basic disclosure forms for loan applicants, mortgage customers and loan originators
Matrix to help assess the quality of LOCS risk

It’s not enough to merely implement policy and procedures; it’s critical to assess compliance from day one with these new regulatory requirements. These tools make your job easier!

Utilizing this sample policy, senior management will be in a position to consider and document institution-specific benchmarks and establish guidance for evaluating and monitoring your compliance program. The models are provided in a Word file so that you can customize them to address your unique circumstances and help you minimize the risk your institution faces. You can quickly customize the files to your institution’s needs by inserting the name and data throughout the files.

Sheshunoff's Management Workbench Tools Save You Time and Headaches

This versatile program allows you to pick and choose the tools you need for your institution. If you are setting up a new initiative or want comprehensive guidance, purchase the complete program that includes all the tools at a discounted price! Order the entire Loan Originator Compensation and Steering Program suite for extra savings!

If you have an existing program in place but would like additional guidance or reassurance, you can purchase just the tools you need. Our helpful policies and procedures will help satisfy your regulatory requirements and the audit worksheets will help you ensure that your program is on the right track. Management and reporting worksheets quickly allow you to disclose the success of your program or identify weaknesses that should be addressed.

Developed by a former regulator and consultant, the Sheshunoff Management Workbench gives you practical tools for critical areas of your institution. More than "just checklists" -- these downloadable files are simple work tools that you can instantly put into place in your department.

About REGCOM

Regulatory Compliance Associates, Inc. (REGCOM) was established in 1988 by Jerry Miller, president. Mr. Miller was formerly with Peat Marwick Main & Co., where he served as practice leader for the Midwest Financial Institutions Regulatory Compliance Consulting practice. In this role, Mr. Miller advised management and directorates of financial institutions on understanding and complying with banking regulations, including the development and implementation of formal policies and procedures. Prior to joining Peat Marwick, Mr. Miller served as an OCC field examiner and member of the OCC regional/district management team.

With a wide range of regulatory examination and financial institution experience, REGCOM’s staff has experience in assisting management and directorates of financial institutions on a number of focus areas, including understanding and complying with regulations, training, and assisting problem institutions. REGCOM’s publications cover a variety of management and regulatory focus areas, and guide management through the design and implementation of individual regulatory compliance programs for financial institutions of all asset sizes. REGCOM offers proactive information and solutions to all levels of staffing within the financial services industry. See all works by REGCOM