Both the CSBS and the AARMR
are organizations designed to assist those state entities responsible for regulating state-chartered banks and mortgage brokers respectively.
While RegulatorConnect certification is not required by the CSBS or AARMR
, the designation offers assurance to lenders that Compliance EAGLE will help them adapt to the new exam process.
Neil Milner, president and CEO of the Conference of State Bank Supervisors (CSBS), addressed the state regulators' standardized approach to reviews, saying, "CSBS, AARMR, and other regulatory agencies are working together across multiple states to improve regulatory enforcement and oversight in order to ensure the safety and soundness of these state-regulated financial institutions.
Current plans call for all 50 states and the District of Columbia to sign on to the new AARMR and CSBS sponsored automated examination initiative by the end of next year.
AARMR and CSBS have begun educating their member regulators about the new technology-based examination initiative through "Future of Mortgage Examination" panels and educational sessions at member meetings and conferences.
Each year the AARMR formally recognizes the outstanding achievements of its members who participate in the advancement of the programs and missions of AARMR.
We recognize Bill Warren for his many years of service to AARMR, including teaching at our schools, serving on the advisory council and always being willing to lend a hand," said David Bleicken, president of AARMR.
According to Ryan, Quest Soft was one of the few vendors to become certified with the format created by Burlingame, California-based ComplianceEase, at the request of CSBS and AARMR