Nonbank Mortgage Lender

Guidepost Solutions was approved by the U.S. Department of Justice and Department of Housing and Urban Development to serve as Independent Compliance Consultant to a nonbank mortgage lender, following the lender’s settlement with the government of a False Claims Act lawsuit. The government’s action concerned the lender’s failure to comply with regulations governing the Federal Housing Administration’s Direct Endorsement Lender program. Guidepost’s role as Independent Compliance Consultant is to evaluate the lender’s FHA compliance policies and procedures as well as its training and systems, to recommend improvements, and to oversee the lender’s implementation of those improvements.

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