Press
New Risk Watch video explains record retention as affected by the TILA RESPA integration
FREDERICK, MD (March 6, 2015) — A newly released video in the Risk Watch series delves into the world of record retention and how it will be influenced by the TILA-RESPA Integrated Mortgage Disclosures coming up on Aug. 1. AffirmX Senior Analyst and resident integrated disclosures expert, Coppelia Padgett, highlights the three major changes your financial institution needs to be aware of. The video can be found here.
“With thousands of documents processed through your organization that have retention guidelines, even the experts get perplexed,” Padgett said, “That’s why it is crucial for your organization to have a precise and extensive record retention plan (allotting for the new integrated disclosures) in place to minimize risk.”
AffirmX has been producing Risk Watch for almost a year with the intent of easily clarifying challenging topics of risk management. They create videos based on trends and needs of financial institutions.
“The Risk Watch video series is just one of the ways our team of experts is helping financial institutions proactively address compliance challenges,” said Ken Wolff, CEO of AffirmX, which sponsors the series. ”We encourage credit unions of all sizes to take advantage of these educational resources and contact us to learn more about our solutions.”
AffirmX provides automated risk intelligence solutions that help financial services institutions reduce risk management workloads, anxieties and costs. The AffirmX Risk Intel Center delivers accurate risk intelligence based on expert review of internal and external data sources through a query-based workflow engine. AffirmX enables clients to spend less time searching for issues and more time proactively remediating and mitigating risks so that they can focus on their core business.
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