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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