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11/30/15 TOPIC: GOVERNANCE for IMB's with Andy Schell a/k/a "The Profit Doctor"

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David Lykken

David Lykken

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On last week's podcast, ANDY SCHELL a/k/a "The Profit Doctor" gave our listeners an update from the MBA's Accounting and Finance Conference that took place the week before in New Orleans.  One of the topics that Andy raised had to do with "Governance" for independent mortgage bankers (IMB's).  Because a significant number of our listeners either are an IMB or work for an IMB, we had a significant amount of feedback and requests for additional information.  For this reason, I have asked Andy to return as the Hot Topic guest to discuss this important topic.  Here are some of the questions we will be discussing and Andy will be answering.

  1. What is the purpose of Corporate Governance?
  2. What does the CFPB require for Governance?
  3. How does an Independent Mortgage Bank address this requirement?
  4. Why do they call it a Compliance Management System?
  5. What about smaller companies, are they required to comply with these rules?

This is an important topic which you will want to tune in and listen too.  I would encourage you to tell othera about it as well.  

David Lykken, Host and Moderator of the "Lykken On Lending" program.

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