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ISGN, TRUPOINT Partner to Offer CFPB Mock Audit

""ISGN Corporation"":http://www.isgn.com/ (ISGN), a Florida-based provider of end-to-end technology solutions and services to the mortgage industry, teamed up with ""TRUPOINT Partners"":http://www.trupointpartners.com/, an independent regulatory compliance organization, to offer a comprehensive Consumer Financial Protection Bureau (CFPB) Mock Audit.

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The CFPB Mock Audit helps financial institutions and mortgage lenders maintain compliance in the changing regulatory environment. ISGN's professional services group, which assesses compliance and operational risk and provides process optimization and cost reduction strategies, developed a risk framework to conduct a mock CFPB audit.

""This approach provides our clients the ability to conduct a ‘dry run' to bring out any issues prior to the actual regulatory review,"" said Lisa Weaver, CMB, SVP of Mortgage Solutions for ISGN.

As part of the audit, ISGN performs a targeted loan review of potential problem loans identified using TRUPOINT Analytics.

TRUPOINT Analytics is an on-demand analytics and reporting system that allows access to relevant compliance, marketing, and management reports including Fair Lending and Home Mortgage Disclosure Act (HMDA).

""When left unchecked, Fair Lending and HDMA risk can stall growth, undermine acquisition plans, hinder profitability and damage an organization's reputation,"" said Trey Sullivan, CEO of TRUPOINT. ""The collaboration of TRUPOINT's compliance analytics combined with ISGN's compliance expertise compounds our ability to offer cost-effective solutions in a difficult area where mistakes can have severe consequences.""

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