Mortgage

The Internal Audit Insight: Mortgage Lending’s Three Lines of Defense

In the mortgage industry ensuring proactive risk management and steadfast compliance is essential to your business’s foundation. In the video below Mignonne Davis and Cassidy Timm discuss three lines of defense with this goal in mind. The framework comprises the Mortgage Lending Business Unit, responsible for proactive risk management, Quality Control and Compliance Departments providing oversight, and the cornerstone of assurance, Internal Audit.

Why Internal Audit Matters:

Independent Assurance: Offering unbiased insights, Internal Audit safeguards against blind spots and potential vulnerabilities.
Enhanced Effectiveness: By assessing both the business units and compliance departments, Internal Audit drives continuous improvement and operational excellence.
Preserving Trust: The assurance provided by Internal Audit instills confidence among customers and stakeholders.

Ensure your company has effective risk management, stays compliant and maintains strong internal controls. Email us today.