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By: PRLog
March 01, 2012 at 09:00 AM EST
Lenders Compliance Group, Inc. and The Bernard Law Group Join Forces
PR Log - Mar 01, 2012 - Long Beach, NY - Lenders Compliance Group, Inc. (LCG), a nationwide mortgage risk management firm, and The Bernard Law Group, whose practice involves regulatory compliance, today announced a strategic alliance to offer mortgage risk management guidance to the mortgage industry. Together the two firms will build on existing tools, processes, risk assessments, and resources to provide a "best practices" approach to residential mortgage compliance. Both firms offer regulatory guidance to members of the real estate and banking industries.

LCG provides a suite of services for all areas of mortgage banking, such as loan audit analytics, mortgage compliance guidance, loan origination channel and product development, mortgage quality control, legal reviews and remedies, GSE applications, due diligence reviews, and banking, CFPB, and FinCEN exam readiness.

Wendy Bernard, Esq., named partner of The Bernard Law Group, has accepted the position of Director of Legal and Regulatory Compliance at Lenders Compliance Group, and in that capacity she will work with the firm’s clients on their residential mortgage compliance needs.

“Wendy Bernard has distinguished herself as an accomplished compliance professional and regulatory counsel," said Jonathan Foxx, President and Managing Director of Lenders Compliance Group. "Her deep involvement in nearly all aspects of the mortgage industry has given her a special perspective on its compliance needs. Wendy brings a unique blend of mortgage banking and mortgage brokerage experience. By becoming a Director of Lenders Compliance Group, she joins our other Directors and subject matter experts in support of a ‘best practices’ approach for our clients."

According to Ms. Bernard, "the breadth and scope of Jonathan Foxx’s expertise in residential mortgage compliance is unparalleled in the mortgage industry and its measure is outdone only by his genuine concern for the organizational well being of those fortunate to be his clients.”

Ms. Bernard stated, “It is clear that Lenders Compliance Group provides a wealth of information and unprecedented access to mortgage risk management support within the mortgage banking and mortgage brokerage industries. In my view, this strategic alliance between The Bernard Law Group and Lenders Compliance Group ensures that our respective clients are well versed and represented, with respect to all regulatory compliance issues affecting their businesses. I am excited to bring together our resources and provide ‘best practices’ compliance solutions to strengthen our clients and the industry."

About: Lenders Compliance Group, Inc.
Lenders Compliance Group, Inc. is the first full-service, mortgage risk management firm in the country that specializes exclusively in outsourced mortgage compliance. It offers a full suite of regulatory compliance services in mortgage banking. It is a national company that is widely known to be a pioneer in outsourcing and auditing solutions for residential mortgage compliance. The organization consists of Directors, Group Administrators, Attorneys, Compliance Consultants, Credentialed Auditors, and Subject Matter Experts in all areas of mortgage risk management. Lenders Compliance Group supports its clients through hands-on guidance in effectively managing regulatory compliance risk. Bringing knowledge, experience, research, and expertise to its mortgage banking clients, the firm offers a cost-effective way to implement mortgage risk management. For more information, call (516) 442-3456 or visit http://www.lenderscompliancegroup.com.

About: Wendy Bernard, Esq.
Wendy Bernard has unique qualifications as a compliance attorney, as she has worked in the trenches of the mortgage and banking industry for over ten years. Her diverse experience and range of industry responsibilities include Commercial Lending Specialist, Loan Closing Specialist, Vice President of Quality Control, and Post-Closing compliance relating to the secondary market transactions and securitization. Ms. Bernard has served not only as In House Counsel for several regional Mortgage Bankers and Mortgage Brokers but also as a Vice President of Compliance and Secondary Markets. The Bernard Law Group advises clients concerning regulatory compliance, establishing comprehensive framework and execution plans for expansion, recruiting, mergers and acquisitions, licensing, state and Federal law, and the vast array of administrative regulations that impact consumer lending operations. In addition to Ms. Bernard’s law practice, she is a board member and organization counsel for the National Association of Mortgage Brokers - Connecticut Chapter; she teaches national and state mandatory continuing legal education as required for professional mortgage loan originators under the SAFE ACT; and, she is an Adjunct Professor of Law at Post University in Waterbury, CT.  Ms. Bernard has received a Bronze Star Medal for performance of duty in a combat zone and is a 17 year veteran of the United States Army Reserve Judge Advocate Generals Corp.
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LENDERS COMPLIANCE GROUP is the first full-service, mortgage risk management firm in the United States specializing exclusively in outsourced mortgage compliance and offering a full suite of services in residential mortgage banking for banks and non-banks.

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