Red Flag Compliance Toolkit
for Mortgage Brokers
Is My Mortgage Business Red Flag Compliant?
Do the Compliance Checklist!
Has Your Company Done an Initial Risk Assessment? -The initial element in complying with the FTC Red Flag Rules requires that you perform an initial Risk Assessment of yourmortgage business to identify areas for potential fraud and identity theft.
Have You identified Red Flag's to Prevent, Detect and Respond to identity Theft? - A second element to your initial Risk Assessment is to identify Red Flag's that could lead to potential fraud or identity theft in the origination and processing of a mortgage application package.
Do You Have a Written Identity Theft Protection Program? - Every mortgage company must have a comprehensice written plan in place that identifies potential Red Flag's and the policies and procedures your organizaion will implement to guard against fraud and identity theft.
What Are Your Policies and Procedures to prevent Identity Theft? - Every mortgage company must have clearly defined policies and procedures to prevent, detect and respond to fraud and identity theft. You also must educate and train your staff.
The Red Flag Compliance Toolkit for
Mortgage Brokers Is Your Compliance Solution!
Comprehensive Guide To Perform Initial Risk Assessment- We understand the potential risks that mortgage brokers face regarding fraud and identity theft. SBCS has developed clear tools to help you understand the requirements of Red Flag as well as guide you through the process of Risk Assessment.
Mortgage Industry Red Flag Compliance Risk List - SBCS has developed a comprehensive list of potential Red Flag's exclusively for the mortgage industry. This package will help you as you develop your Risk Assessment as well as your written Identity Theft Protect Program.
Written Identity Theft Protection Program Template - SBCS has developed a customizable template to guide you and your team in the development of your required Written Identity Theft Prevention program that is fully compliant with Red Flag. This template covers all of the required information that you need to implement as part of you company's compliance with Red Flag.
Mortgage Business Policies and Procedures - As part of the Red Flag Compliance Toolkit we give you clear guidelines that you can easily build upon to establish your own companies policies and procedures to effectively prevent, detect and respond to the threat of fraud and identity theft.
ONLY $97.00 For Complete Red Flag Toolkit
Special Offer - Add 201.CMR.17 Small Business
Data Security Compliance Toolkit and Save $30
The Complete Red Flag Compliance Toolkit for Mortgage Brokers PLUS - The Small Business Data Security Toolkit (Regular $97.00 Cost By Itself) will give you all of the tools and templates to comply with Regulation 201 CMR 17 in Massachusetts that is fast becoming the foundation for other states as they imcrease regulation on the collection, use, distribution, storage, transportation and destruction of customer and employee personal information. Be prepared and protected NOW!
Comprehensive WISP Business Compliance Template - SBCS has developed a customizable template to guide you and your team in the development of your required Written Information Security Plan that is fully compliant with 201 CMR 17. This template covers all of the required information that you need to implement as part of you company's compliance with 201 CMR 17.
Employee WISP Documentation - Every employee must review and sign a copy of your company WISP as part of 201 CMR 17. SBCS has developed customizable employee WISP "Written Information Security Plan" document that can be used for training, verificication and support that your employees have reviewed and agreed to comply with your new policies and proceedures regarding the handling and security of personal information.
Data Security Coordinator Guide and Checklist - This vital information will assist you in designating and supporting your Data Security Coordonator as requred in 201 CMR 17. Your DSC will also have access to additional information and tools to help train employees and implement your plan.
Secure Server and Network Compliance - 201 CMR 17 Compliance Toolkit includes guidelines and suggestions to help you and your IT professional comply with these new regulations and maintain a secure data environment for personal information. SBCS has done the work so your IT professional will not have to spend extra time and your money developing a plan.
BOTH COMPLETE COMPLIANCE TOOLKITS FOR ONLY $164.00
Not Complying With Red Flag Rules or the Improper Handling of Personal Information Could Cost You Your Business!
Non Compliance with Red Flag Will Cost You - The Federal Trade Commission is authorized to commense action in a federal district counrt in the event of a knowing violation of FACTA. This could cost you up to $2,500 per offense. States are also authorized to bring action on behalf of their residents, with penalities of $1,000 per violation, plus attorney costs.
Protect Your Borrowers Against Identity Theft - The proper collection, handling and storage of personal information will help ensure that your customer's information remains safe and secure. The theft of personal information due to lack of proper safeguards and proceedures has cost company's millions in lost business, fines, reputation and the trust of their customers.
Improper Disposal Can Be Costly - Any organization that improperly disposes of personal information can be fined in most states and the list is growing. Total possible fines of $50,000 for each instance of inproper disposal could be imposed depending where your business is located.
Business Are Responsible for Protecting Personal Information - Failure to comply with state laws protecting personal information of your borrowers may subject you to a suit by your Attorney General, under the consumer protection laws in a growing number of states. Violations may mean triple damages, as well as attorneys’ fees and legal costs.
BOTH COMPLETE COMPLIANCE TOOLKITS FOR ONLY $164.00
