Course length: Approximately 22 minutes
This course introduces the learner to the concept of Compliance Management Systems, explaining what they are and what they are supposed to do. We cover the various components of a good compliance management system and how they help a mortgage lender manage risk. The course explains the CFPB’s general expectation for lenders to maintain a compliance management system.
Course objectives include:
• Discuss how a compliance management system supports a risk management strategy
• Explain the CMS components that work at a strategic level
• Explain the CMS components that track day-to-day operations
More detailed course information is available at: http://elliemae.com/education/courses/introduction-to-compliance-management-systems
Last Updated 03/2019.
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