Lenders Compliance Group, Inc., the nationwide risk management firm, has appointed Michael G. Barone, Esq. as its Executive Director.
PRLog - June 22, 2015 - LONG BEACH, N.Y. -- Lenders Compliance Group, Inc. (LCG), the nationwide risk management firm, today announced that Michael G. Barone, Esq. has been appointed to the position of Executive Director of the firm. Mr. Barone will also remain as a Director of Legal & Regulatory Compliance for LCG.
LCG provides a suite of services to banks and nonbanks, residential mortgage lenders, servicers, investors, closing and title agents, and other vendors in all areas of mortgage banking. It is the first mortgage risk management firm in the United States and, as such, provides a hands-on approach to providing guidance, while also offering loan audit analytics, research, loan origination channel development, due diligence reviews, and mortgage quality control.
“Mike is a uniquely experienced legal professional within the mortgage industry, having distinguished himself as both inside and outside counsel, and as a stalwart representative of clients facing government scrutiny," said Jonathan Foxx, President and Managing Director of Lenders Compliance Group. "Most importantly, Mike’s leadership provides an exceptional perspective on how to establish and maintain an effective compliance management program.”
Mr. Foxx further noted to the media that “the position of Executive Director involves significant responsibility with respect to the oversight of all client engagements, expansion of services, and strategic and operational business planning. For many years, Mike has demonstrated proactive leadership. In my view, his management style continues and reinforces the ongoing responsiveness that our clients have come to expect.”
According to Mr. Barone, "With all the changes that have occurred in the mortgage industry recently, I am excited to work with our clients on their regulatory compliance needs. At Lenders Compliance Group, the position of Executive Director provides a broad-based means by which to assist in the firm’s growth as well as our clients’ unique risk management requirements. I will work closely with Jonathan Foxx to ensure that LCG offers compliance solutions for those who seek value and a stable resource for their compliance programs.”
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: Michael G. Barone
Michael has over 20 years of diverse legal experience in representing clients in all aspects of financing and mortgage compliance. He served as in-house counsel for a national mortgage banker for many years overseeing all aspects of the legal department including mortgage compliance. Mr. Barone advises numerous mortgage bankers and mortgage brokers on state and federal regulatory and compliance matters, and he is also a frequent panelist at mortgage banking conferences and conventions. Michael received a Bachelor of Arts Degree from the University of Michigan at Ann Arbor and received a Juris Doctor Degree from Hofstra University after serving as an Editor of Hofstra’s Labor and Employment Journal.
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Lenders Compliance Group, Inc. appoints Michael G. Barone, Esq. as Executive Director
June 22, 2015 at 08:36 AM EDT
