1.7.6 Compliant Business System
1.7.6.1 Safe Handling of all Documents
1.7.6.2 Well Documented Communications Between all parties
1.7.6.3 Safe Handling of all electronic documents , emails faxing and texts received and sent
1.7.6.4 Well Documented Policies and Procedures
1.7.6.5 GAAP compliant Financial Controls
1.7.6.6 Training and oversite of operations
Effective this year the law REQUIRES that all Mortgage brokers and Financial Service firms use a Compliant System  in their operation.
A Compliant Operation has a system in place to document and apply the following federal laws
The Laws Require:
1. Safe Handling of all Documents
2. Well Documented Communications Between all parties
3. Safe Handling of all electronic documents , emails faxing and texts received and sent
4. Well Documented Policies and Procedures
5. GAAP compliant Financial Controls
6. Training and over site of operations
Every Mortgage Originator has a legal responsibility to deter, detect and defend the Information of every person you  serve.
The only way an organization can prove they are compliant with the law is to have and use a Compliant Business  Operating System.
The main purpose of Charter Oak's System is the complaint operation of Mortgage Business.  Our system is the  ONLY system that can even attempt at making such a claim.
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