Clayton Holdings Now Offering Enhanced Internal Audit Services Program

Posted by Patrick Barnard on May 04, 2017 No Comments
Categories : Residential Mortgage

Clayton Holdings says it has developed an enhanced internal audit services program designed to help bank and lender clients develop, manage and enhance their internal risks and controls programs, as well as comply with new government-sponsored enterprise (GSE) and Consumer Financial Protection Bureau (CFPB) requirements.

The new internal audit program leverages Clayton’s in-depth industry knowledge and combines it with seasoned professionals to deliver operational efficiencies, the company says in a release.

The provider of loan due diligence, surveillance, real estate owned management, consulting, valuation, title and settlement services says this new audit program will help lenders strengthen their internal audit activities in several areas, including risk assessment design/performance; turnkey development of internal audit functions; internal audit process reviews/enhancement; and remediation of gaps in existing audit programs.

“The GSEs, investors, corporate boards and regulators are all focusing on the importance of managing internal risks and controls,” says Jeff Tennyson, president of Clayton. “Fannie Mae now requires seller/servicers to have internal audit and management control processes, and the CFPB is mandating and examining for compliance management systems. Our new offering helps clients identify gaps and inadequacies in existing functions before GSE and regulatory reviews and to design and build stronger processes. Depending on the client’s need, our role can range from reviews to training and from problem remediation to turnkey audit process development.”

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