Mortgage Broker & Non-Delegated Correspondent Licensing and Compliance Package

​Small brokers have to balance the current intense regulatory scrutiny of the industry with the fact that they are, generally, very small, closely held companies.  However, even though they are smaller, they still have to comply with all of the same laws as the mortgage lender.  To help the broker comply, we have assembled a Complete Package of materials that the broker will be required to provide. 

The distinction between broker and non-delegated correspondents lies in the duties required by your correspondent agreement. If you are truly non-delegated, then you should not have to conduct agency-level post-closing QC reviews. However, some investors do require this, which may require an upgrade to the Lender Compliance Package. 

Contents include:

• Broker QC Plan (including pre-funding)
• Red Flags - Fraud and FACTA
• Anti-Money Laundering (BSA/AML) and SAR reporting
• Information Security Plan - ID Theft - FACTA Red Flags
• Privacy/Safeguarding
• Loan Originator Compensation
• Fair Lending
• SAFE Act Policies
• Predatory Lending Policies
• Compliance Management
• TRID - Truth-in-Lending and RESPA Integrated Disclosure
• ​Vendor Management (Appraiser/Info Security)
• Ability to Repay
• Anti-Steering Policies (Loan Originator Comp)
• Hiring Practices (Background checks)
• Advertising Policies
• Appraiser Independence Policies
• Complaint Resolution
• Disaster Recovery/Business Continuity
• and anything else you need for regulatory or investor approval

Small Broker/Mini-Corr. Compliance Package Includes:

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Broker Quality Control Plan
Compliance Manual
​Information Security and FACTA Red Flags​ Manual

and if anything else is required, we will provide it based on our 100% guarantee

Purchase Small Broker Compliance Pack

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Add-on State License or Audit Prep

The audit prep service allows you to specifically address an examiner's concerns by locating the exact policy reference and providing it, in the order requested, with a cover memo explaining how the policy meets the examiner's requirements. Allow 1 week for completion.

You must submit the state examiner's letter with the order here: