Who We Are
Our team is anchored by our President and Senior Consultant
Dr. Gary Lacefield. Risk Mitigation Group is a National
Mortgage Compliance Management firm which provides professional,
advisory and consulting services to financial institutions,
mortgage brokers, real estate agents and consumer leading entities.
Marketing Service Agreements by Dr. Gary Lacefield
June 25, 2015
Marketing Service Agreements or MSAs as they are being referred to are a top issue with the CFPB these days. The CFPB is responsible for enforcing RESPA and they have taken a keen interest in MSAs. The primary reason that the CFPB is reviewing MSAs is to make sure that the consumer is not being overcharged for the settlement services they are charged. The problem with the MSAs is that many agreements are simply a way for companies to funnel referral fees. Bottom line is that your MSA must be ...
July 13, 2015
HUD Rule on Affirmatively Furthering Fair Housing
June 17, 2014
Cracking Down on Illegal Mortgage Referrals - JUNE 5, 2011 The New York Times By Lisa Prevost
Quality Control Services
Risk Mitigation Group provides Quality Control Planning, Development, and Implementation.
Fair Lending Audit (FLA)
Risk Mitigation Group performs Fair Lending Audits (FLA) to comply with the new regulations that took effect July 2013.
ABA or Marketing Services Agreement Related Issues
Risk Mitigation Group reviews AfBA and MSA Related Issues to ensure they are in compliance with RESPA and State Guidelines.