Back to basics

Last week I had the privilege of delivering a lending compliance training to one of our fabulous clients. The training focused on fair lending and the various origination regulations in place today. As I was going through it I realized that for the first time in a long time, I wasn’t presenting a game changing regulation. That allowed my presentation to focus more on the fundamentals. Now I know there are a handful of changes that we are about a year away from, but even with those it doesn’t feel like we are prepping for a “dooms day” reg like TRID.

That means now is the perfect time to take a step back and inhale a little bit of that fresh air. Now is the time for you and your credit union to get back to the basics. It is a time where you can reassess the structure and processes you have in place. We have been spending so much time keeping up with the joneses that we sometimes forget about taking care of the nuts and bolts that keep us running.

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