VPCS provides compliance audit services to clients. These services include initial audit of the compliance function to determine deficiencies. Services also include periodic audits of specific areas of compliance such as AML, Fair Lending, UDAAP and more.

An initial audit of a Client typically involves four phases which include:

I. Audit Lending and Operational Practices which includes a review of all policies and procedures, training, and compliance oversight.

II. Analyze Audit Findings

III. Produce a Recommended GAP Analysis document that makes recommendations for improvements in the Client’s compliance practice.

IV. Review GAP Analysis with lender and determine next steps

Additionally, VPCS can provide training on all applicable policies and procedures to mitigate external audit findings. The lender and its vendors will be trained to monitor and react to non-compliant activities.