Relieving the Compliance Burden.

Mortgage regulations are more stringent than ever and regulatory agencies are very clear that they plan to aggressively enforce them. Failure to comply could result in fines and penalties – not to mention damage to your institution’s reputation. You can take comfort in the fact that Midwest has the processes, technology and in-house expertise to mitigate your mortgage compliance risk.

Online oversight tools provide transparency.

Now that diligent oversight is a must for every lender, our customers are finding real value and relief in the built-in transparency of our online compliance tools. Enabling you to perform vendor tracking more effectively, these tools simplify compliance with:

  • 24/7 access to all transactions, documents and communications – verbal and written – for every borrower
  • Self-service portal with checklists and tools to support your oversight responsibilities
  • Monthly KPIs, our annual SOC report, training documentation, audited financials, insurance coverage, licensing information and more – to comply with the CFPB Vendor Management Oversight requirements

We remain confident that no other service provider makes it as easy and cost effective to carry out your monitoring requirements.

“Lenders need a servicer that understands the complex regulations and requirements for loans such as FANNIE MAE and FREDDIE MAC. That’s why Midwest Loan Services is the best choice for your mortgage portfolio.
 Financial Recovery Manager, Federal Credit Union