AI is already a part of your lending operations. It’s screening applications, flagging risk, and powering the platforms your team relies on every day. In many cases, it’s also inside your vendors’ systems, running quietly in the background of decisions your organization is ultimately responsible for.
Tag: Ncontracts
Ncontracts: AI Vendor Risk Ties Cybersecurity as Top Concern for Financial Institutions
For the first time, financial institutions rank Artificial Intelligence risk on par with cybersecurity as their top third-party concern, according to Ncontracts, Nashville, Tenn.
State Regulators Step into Perceived Gaps Left by Federal Agencies
Ncontracts’ Stephanie Lyon writes that compliance officers who aren’t paying attention to state-level enforcement are in for an unpleasant surprise.
Ncontracts’ Monica Bolin: How Lenders Can Strengthen Vendor Monitoring
Third-party vendors touch nearly every aspect of a lender’s business — from appraisal services and loan origination to marketing and fraud prevention services. These relationships drive efficiency and growth, but they also introduce significant, evolving risks. That’s why ongoing vendor monitoring is essential.
Navigating New GSE Internal Control Requirements: What Financial Institutions Need to Know
Fannie Mae and Freddie Mac have rolled out comprehensive updates to their internal control frameworks, creating new compliance challenges for mortgage lenders and servicers. These changes go beyond routine regulatory adjustments. They represent a fundamental shift in how the GSEs approach operational risk management, writes nContracts’ Robert Brosh.
How to Navigate Mortgage Lending Compliance Challenges: Ncontracts’ Rafael DeLeon
Let’s explore some of the most common compliance challenges mortgage lenders face and how automated compliance management processes can streamline risk mitigation.
8 Common Fair Lending Compliance Myths Debunked
Michael Berman is Founder & CEO of Ncontracts, Brentwood, Tenn. Ncontracts provides integrated risk management and lending compliance software to a rapidly expanding customer base of over 4,000 financial institutions, fintechs and mortgage companies in the United States.