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Cognitive Options expands mortgage compliance service to CUs
DURHAM, N.C. (7/30/12)--Cognitive Options Group, a national consulting firm specializing in mortgage compliance and loan due diligence reviews, is providing operational advisory services to credit unions.

"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," said Penny Showalter, Cognitive Options Group managing director. "Growing fiduciary reasonability for a credit union's leadership increases the need to engage mortgage industry experts for guidance."

At a recent credit union Strategic Lending conference, Showalter discussed the increasing complexity of mortgage lending and the effect of the Dodd-Frank Act and rules and the Consumer Financial Protection Bureau oversight on credit union mortgage products and policies and procedures. The firm will continue speaking at industry conferences throughout the year to help educate financial services firms on complying with the new regulations and avoiding risky practices.


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