Compliance is Not a Revenue Opportunity

Guest Editorial

Compliance is an interesting phenomenon in the industry today!  I call it a “phenomenon” because that word means “Wonder”, “Marvel”, or “Spectacle”, and that’s exactly how I see compliance.

Compliance is this sort of unknown quantity, and everyone involved with it interprets it in a different way.  One lender’s compliance is another lender’s non-compliance.  Some vendors treat it with great respect, and others treat it like a scene from an old TV police drama, with a “Move along folks!  Nothing to see here!” attitude. The number of interpretations of compliance is as numerous as the companies claiming to have all of the compliance answers.

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