A new trade group hopes to help mortgage compliance service providers improve communication with lenders and borrowers.
The official launch of the Association of Residential Mortgage Compliance Professionals was announced yesterday. Lenders Compliance Group sponsored the group’s founding.
“There has been no single organization that responds to the unique interests and specific needs of compliance professionals, giving them the ways and means to review residential mortgage compliance issues among one another,” Lenders Compliance Group President and Managing Director Jonathan Foxx said in the statement. Foxx is also the new trade group’s president.
The new organization is based in Long Beach, N.Y., and its Web site is located at www.armcp.org.
Prospective members include mortgage compliance service providers and employees or executive who have institutional responsibilities tied to mortgage compliance.
ARMCP says it is the “first and only national organization in the United States formed to offer discussion panels, educational forums, lectures, regulatory FAQs, advocacy, and other venues exclusively for residential mortgage compliance professionals.”
Membership is free, and the group will use LinkedIn.com to solicit new members.
