AllRegs Launches Procedure Document Solution
Once considered an after-thought, procedure documents have become part of auditor reviews.
EAGAN, Minn.--(BUSINESS WIRE)--AllRegs, the leading information provider for the mortgage industry, has launched a procedures product line designed to provide clear step-by-step guidance to a lender’s staff about operational aspects of regulatory-based procedures.
“A tremendous amount of work goes into preparing for an audit”
“A tremendous amount of work goes into preparing for an audit,” said Dan Thoms, executive vice president for AllRegs. “It starts with great regulatory compliance practices. These procedure templates help support our clients in filling gaps in their regulatory compliance infrastructure. Saying your company will implement a policy isn’t enough anymore—you have to be able to show exactly the steps staff members need to take when handling operational tasks, our procedure documents fill that need.”
Guidance released by the CFPB in December of 2013 specifically addresses policies and procedures. Beyond ensuring procedure documents cover the key components of the Dodd-Frank rules, the regulatory agency suggests having a process in place for keeping documents accurate as regulations evolve.
AllRegs Procedure Templates are offered with a one-time purchase price per company. The templates are delivered in MS Word format and can be personalized by the customer or fully customized by AllRegs to include specific customer requirements. Maintenance plans are available to keep documents up to date with legislative and regulatory changes.
For more information about AllRegs Procedure Templates, visit http://www.allregs.com or call (800) 848-4904, Monday through Friday, between the hours of 8:00 a.m. and 6:00 p.m. CT.
First introduced in 1989, AllRegs is used by virtually all of the top 100 lenders as well as throughout numerous governmental agencies, including Fannie Mae, Freddie Mac, the FHLBs, FHA, VA, RHS, Ginnie Mae, and more. AllRegs is the exclusive electronic publisher of the Fannie Mae and Freddie Mac Single and Multi-Family Seller/Servicer Guides and the Federal Home Loan Banks’ MPF Program Guidelines. Products include single and multifamily underwriting and insuring guidelines as well as federal compliance laws and regulations, state compliance laws and regulations with plain-language analyses, contract publishing services, and a library of historical guidelines. The educational division, AllRegs Academy, offers virtual and live training, as well as designation and online guides. The Professional Services Group develops custom guides, policy manuals, and other documents on a contract basis. For more information, call (800) 848-4904 or go to www.allregs.com.