New video addresses CFPB’s “New Era Of Enforcement” of mortgage servicing rules

FREDERICK, MD (October 9, 2014) — This latest episode in the online series Risk Watch describes five ways institutions can avoid getting into hot water with the new mortgage servicing rules, as evidenced by the recent actions taken by the CFPB against Flagstar Bank. “The period when a good faith effort to comply with the new mortgage servicing rules is clearly winding down, if not completely over,” said Jane Pannier, senior vice president and in-house counsel for AffirmX, LLC.

The video can be found here.

“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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