Cognitive Options Group Targets Credit Unions

Posted by Orb Staff on July 27, 2012 No Comments
Categories : FYI

Cognitive Options Group, a Durham, N.C.-based consulting firm specializing in mortgage compliance and loan due-diligence reviews, is now providing operational advisory services to credit unions engaged in mortgage banking.

According to the company, credit unions are expanding mortgage lending product offerings to their members. However, this expansion comes with increased regulatory burdens, and many credit unions will need to come up to speed to avoid compliance risks.

‘As regulatory compliance for real estate financing becomes more complex, the need for credit union directors and management to understand the volatile rule-making environment is critical,’ says Penny Showalter, managing director of Cognitive Options Group. ‘Growing fiduciary reasonability for a credit union's leadership increases the need to engage mortgage industry experts for guidance.’

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