Why letting up on compliance—even in a changing regulatory environment—could cost lenders more in the long run. With federal oversight shifting under the current administration, some mortgage lenders may feel less pressure to prioritize compliance and loan quality. But, according to industry experts Amanda Phillips, General Counsel and EVP of Compliance at ACES Quality Management, and Richard J. Andreano, Jr., Practice Leader of the Mortgage Banking Group at Ballard Spahr LLP, loosening internal controls now could have long-term consequences. In this Q&A, they share why lenders should remain vigilant — and how technology can support that effort.
