Cognitive Options Group is expanding the firm’s services and products to meet the increasing demand as new mortgage banking regulations and rules from the CFPB continue to be implemented.
Cognitive Options Group, LLC a national consulting firm specializing in mortgage loan due diligence and compliance reviews announced it has moved the firm’s headquarters, Centralized Loan Review Center and advisory services with plans to hire over 50 people in Lakewood, Colorado.
“The regulatory compliance for real estate financing has become very complex, the need for directors and senior management to understand the volatile rule making environment is critical,” stated Cognitive Options Group. “The growing fiduciary responsibility for leadership increases the need to engage mortgage industry experts for guidance.”
The regulatory environment in particular has created significant challenges. Adapting to the new regulatory environment require companies to rethink their servicing processes and make dynamic changes. In January, the CFPB issued eight final rules concerning mortgage markets in the United States pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) Public Law 111-203, 124 Stat. 1376 (2010) (2013 Title XIV Final Rules). The rules amend several existing regulations, including Regulation Z, X, and B. Client counterparties must comply with all new rules.
Cognitive Options Group, LLC differentiates themselves by providing an unrivaled level of service and client dedication based on our core values of integrity, providing supportable results and delivering more than asked to our clients.
Cognitive Options Group, LLC has just completed moving its headquarters from North Carolina to the Denver, Colorado metro area and expanding its Centralized Loan Review Center. They utilize proprietary software tools to help financial institutions determine if loans have been underwritten to risk tolerances, compliance regulations, loan guideline and program requirements including prime, subprime, VA, FHA along with the latest CFPB Eight (8) Final Rules. Cognitive Options Group, LLC also provides companies operational readiness examinations and transactional reviews, including data integrity testing and cleansing, loan file bookmarking and other outsourcing services.