Compliance / Legal

Peoples Processing offers a suite of services in Compliance / Legal:

GMI
Compare borrowers information with borrowers demographic data and update the HMDA codes

OFAC
Review and research the borrowers information received against OFAC SND list

HMDA scrubbing
HMDA requires many financial institutions to maintain, report, and publicly disclose information about mortgages
Data needs to be scrubbed with any identified reporting errors and resolved before it submits to LARs

Benefits of partnering with Peoples Processing for Servicing

Over a decade of experience in Nationwide Loan Processing

Licensed to do business in 29 States, enables adherence to your state-specific requirements

Headquarters in Austin, TX with two production facilities located in India

Experience working with all the leading LOS, Compliance and Servicing platforms

Flexible engagement model to help you reduce fixed costs

SSAE 18 compliant (SOC 2 audit in the process)