In addition to regulatory compliance, there are also compliance requirements relating to loan sales, securitizations, investor purchase and servicing requirements, etc. Example compliance risk engagements that our compliance team has been involved with include, but are not limited to, the following:
- Contract risks which are those risks related to compliance with all aspects of a contract (purchase, sales, performance, etc. which includes asset repurchases and/or loss indemnification),
- reps and warranties on sale of loans,
- required loan servicing activities if the seller remains as the loan servicer,
- warehouse lending lines of credit and loan covenants,
- investor compliance requirements,
- pooling and servicing agreement (PSAs) requirements,
- Trustee agreements,
- construction contracts,
- lease agreements,
- other.