Compliance

406 Partners provides comprehensive collateral and disclosure documents review for compliance to loan programs. Reviewing the documentation for proper timing and disclosure to the borrower based on the product type. Final interest rates and settlement charges are tested against high cost and predatory laws set by federal, state, county and city regulations. Compliance reviews are performed looking for items such as High Cost and Predatory loans.

Specially trained Compliance QC officers complete quality control review on every loan verifiing compliance findings found by the underwriter. All critical documents and disclosures are all reviewed a second time to ensure accuracy. 406 Partners can then determine the final compliance risk level.