An Uncertain Regulatory Environment - Maybe

Written by: Bill Dolan, CMB, AMP

If you haven’t seen the latest forecast for 2025 by the Mortgage Bankers Association, production volume is estimated to fall from $2.3 trillion to $2.1 trillion, given what interest rates have done. While 2024 was decidedly grim for some, for others, it brought encouraging signs of cautious optimism and renewed confidence in the future of this industry. 

With the President-elect taking the White House in January, the regulatory environment may very well become less onerous over the next four years. Changes in leadership at both the Federal Reserve and the OCC will take place on January 20th and leadership changes at the Federal Reserve will occur in 2026. Those recent changes to bank merger guidelines may be subject to revision. Basel III Endgame rulemaking has stalled, and the late fee rule may possibly be overturned by the courts or revised by the CFPB.

Whether changes occur or remain the same, one thing is for certain and that is regulatory compliance is not going away. Banks and Credit Unions must continue to follow and adhere to the laws, standards and regulations set by the government and other regulatory bodies as well as the GSEs.

At Spillane Consulting Associates, we have been providing regulatory compliance adherence and support to our clients since 1991by providing the following services to name a few:

·        Establishing and maintaining Compliance Management Systems

·        Developing Quality Control plans

·        Operating in a validated environment

·        HMDA data analysis reviews

·        CRA pre-examination, review, analysis and communication findings

·        Fair Lending preparation for examinations and assessments

Compliance isn’t easy and that’s with very good reason. It’s not only important for protecting your institution and your customers/borrowers, but also for improving their trust in your business.

SCA will ensure that your regulatory compliance meets the requirements that you need to follow, because today’s compliance requirements are not tomorrow’s, especially if you are anticipating growth of your organization. Leverage SCA’s experience to make sure you are ahead of the curve, to keep you scaling smoothly.

Contact Bill Dolan, Director, at Wdolan@scapartnering.com or at (617) 694-2617 and while you are at it, please visit our Solutions page to learn more about SCA’s consulting and fulfillment services.