CrossCheck Compliance LLC, headquartered in Chicago, is a nationwide consulting firm providing regulatory compliance, internal audit, fair lending, loan review, due diligence and litigation support services exclusively to the financial services industry. Our experts adeptly identify the needs and challenges of our clients, having held similar positions as compliance officers, internal auditors, general counsel, outside counsel, regulators, underwriters, and consultants. Through a combination of deep experience and financial services expertise we are able to tailor solutions that fit each client’s size, complexity, and business needs.
Our experts assist clients with successfully managing compliance risk. Whether consulting on specific regulatory requirements, review of your compliance program, or targeted assessments, we tailor engagements to meet your needs.
Our experienced internal audit consultants will execute all or a portion of your operational or compliance internal audit plan, develop the audit function, conduct a firm-wide risk assessment, or develop a risk-based internal audit plan.
Managing fair lending risk from loan application through servicing requires defined procedures, focus and vigilance. Data integrity management and analysis add to the risk management challenge. CrossCheck provides consulting solutions and internal audit services to assist with fair lending risk management.
Since the formation of the firm in 2008, CrossCheck Compliance has provided due diligence and loan review services to clients nationwide. Our due diligence services include portfolio acquisitions and rated securitizations. CrossCheck’s reviews of residential, commercial, and consumer loans have been used to support whole loan sales to private investors, purchases and acquisitions, servicing portfolios, non-performing loan audits, repurchase defense, quality assurance, and litigation support.
The requirements of regulators and investors require that lenders have the right processes and procedures in place to mitigate all types of risk including credit, regulatory, and reputational risks. Our experienced team helps our clients identify and better understand the risk inherent in residential loans, other consumer loan products and commercial loans.
CrossCheck provides litigation support and expert testimony on a variety of issues surrounding mortgage lending, mortgage servicing, and regulatory compliance. Our expert reports and testimony have addressed conformance to underwriting standards in mortgage-backed securities, repurchases, loan modifications, and alleged predatory lending. Our executive team’s deep experience and day-to-day involvement in the issues facing financial institutions allow us to provide the most credible expert testimony.
We partner with all the following types of clients:
In the January/February issue of ABA Bank Compliance, Liza Warner authored the article, Buckle Up! Indirect Automotive Fair Lending Risks Ahead. Both bank and non-bank lenders face regulatory scrutiny surrounding the indirect automotive lending sector. In the article, Liza discusses how to spot the red flags or risk indicators in this type of lending and… Read more »Read More
In the Utah Banker Magazine, Tracey Levandoski authored an article entitled, Risk Management of Third-Party Relationships. Third-party risk management continues to be an increasing regulatory focus as indicated by the proposed Interagency Guidance on Third-Party Relationships: Risk Management. Understanding the details of sound risk management outlined in the proposed guidance and enhancing your third-party risk… Read more »Read More
In the November-December 2022 issue of ABA Bank Compliance, Sara McGinnis addresses the final flood insurance Q&As from the five federal regulatory agencies. Based on banker feedback and the most frequently asked questions from lenders on a wide spectrum of technical flood insurance-related compliance issues, the final Q&As replace those originally published by the agencies… Read more »Read More
In this article, Jim Treacy explores the eight common TILA-RESPA Integrated Disclosure (TRID) Errors. These errors can increase the potential for fee tolerance violations so you will want to be sure not to make any or these errors. Loan origination systems can assist in identifying many TRID-related violations, but it is not foolproof. Policies and… Read more »Read More
In the May/June 2022 issue of ABA Bank Compliance Magazine, Liza Warner authored an article entitled: How to Conduct An Internal Compliance Investigation. A timely and methodical investigation will provide information that may help limit the institution’s regulatory and legal exposure. In the article, Liza addresses the Compliance Management System and your investigation process, considerations for… Read more »Read More
- ABA 32nd Edition of the Reference Guide to Regulatory Compliance Now Available
- CrossCheck Compliance LLC Added to DBRS Morningstar List
- ABA Reference Guide to Regulatory Compliance
- CrossCheck Compliance LLC Announces New Partners
- CrossCheck Compliance Added to Fitch List of Third-Party Review (TPR) Firms
Past Speaking Engagements
- California MBA – Legal Issues and Regulatory Compliance Conference 2022
- MBA Webinar – Ensuring HMDA Data Integrity and Common Reporting Issues
- American Financial Services Association (AFSA) 2022 Annual Meeting
- Chicagoland Compliance Association Annual Conference 2022
- Utah Bankers Association Compliance Conference – Fair Lending Presentation