Westcor recognizes that the Dodd Frank Act and the establishment of the Consumer Financial Protection Bureau (CFPB) have placed an increased emphasis on a lender’s responsibility for ensuring third party vendors are complying with consumer financial laws in an effort to reduce the risk of harm to the consumer. Westcor, at no cost to its agents, engaged the accounting firm RSM US, LLP (hyper) to review and enhance the practices of its Audit Department, to ensure its agents meet the requirements of the mortgage industry.
Westcor’s Compliance Audit Program includes proprietary testing of Best Practices. The added benefit of the program is that lenders and consumers do not have to track multiple certifications, third party vetting reports or multiple independent reviews. Lenders and consumers can be confident that a Certified Title Agency of Westcor meets the highest standards in the industry while meeting or in most cases, exceeding Best Practices.
Lenders can easily verify the status of Certified Agents in real-time through our online verification tool found on the www.wltic.com website under the Resources/Agent Compliance Verification tab.
For more information about Westcor’s Compliance Audit Program contact firstname.lastname@example.org.