Regulatory Compliance Reviews
Many nonbank and traditional financial institutions depend on BKD’s full-time regulatory compliance consultants for assistance with federal lending and consumer financial laws. We also understand the additional complexities facing mortgage companies because their business processes and CMS must account for GSE requirements.
Internal Audit Services & Operational Reviews
Financial institutions and nonbank financial services companies have experienced significant volatility and increased scrutiny from stakeholders, regulatory agencies and the public. It's imperative to have a focused risk management approach with a robust risk assessment and internal audit process to effectively address operational risks. An operational review or internal audit can help you evaluate whether policies and procedures are consistently followed and identify potential limitations and weaknesses in your control structure as well as increase operational efficiencies. We can provide outsourced or co-sourced internal audit services or specialized services to help.
Vendor Management Services
In today’s environment, vendor management remains a hot topic given the potential compliance risks associated with third-party vendors. BKD helps financial institutions and nonbank financial services companies implement, assess and monitor their vendor management programs. Our specialized team includes IT risk, regulatory compliance, consumer finance and audit professionals to help you address the challenges of managing dynamic and complex vendor relationships.
Warehouse Lending Services
The extensive growth of the nonbank lending industry has resulted in increased warehouse lending. It’s critical for warehouse lenders to perform due diligence and continually monitor their borrowers and originators. We can assist with an array of services related to new borrower due diligence and ongoing field reviews.