VPCS’ Lender Compliance Practice is designed to integrate a compliant operations management system for lenders (consumer and commercial).

To begin, VPCS will perform a Regulatory Compliance GAP Review of Lender’s policies and procedures, training, operations, and vendor oversight.  VPCS will then develop a GAP assessment identifying all deficiencies.

VPCS’ sister company, Learn2Comply will be contracted by Lender for a Temporary Directory Of Compliance resource to guide the Lender to resolve deficiencies identified in the GAP Assessment in addition to the following:

  • Development of Policies and Procedures absent from Lender’s Compliance Program
  • Track State and Federal Regulatory changes and update Lender Policies and Procedures
  • Establish a Compliance Review Committee (review and sign off on all new and updated policies)
  • Develop a Quarterly Compliance Report to present to Lender Board
  • Integrate a Complaint Management System, Process, and Reports Required by CFPB
  • Provide Regulatory Compliance Training, Testing, and Reporting System Lender will use to upgrade Lender’s internal training program
  • Integrate a Vendor management and oversight program that satisfies regulator  requirements
  • …and more

The importance of a compliant lending partner:

  • Protects the lending enterprise from regulatory allegations and inquiries
  • Improves the meaningful involvement of the lender in the lending program
  • Makes the lending operations efficient and compliant

A VPCS and Learn2Comply trained and compliant lending partner will rely on:

  • Independent evaluations which protect against invalid assumptions and biases
  • Customized reports that provide unique views of programs and identify areas at risk
  • Creation and implementation of lending program policies and procedures with state and federal regulatory compliance in mind
  • Compliant operations management that is benchmarked against industry standards.