12 CFR Part 1024

Mortgage Servicing Compliance Execution for BaaS Platforms

Mortgage servicing regulations require specific procedures for loss mitigation, escrow, and borrower communications. Canarie helps you execute servicing compliance through automated workflows for all servicing requirements. Specifically tailored for the compliance requirements of baas platforms.

More for BaaS Platforms

Key Requirements

1
Loss mitigation procedures
2
Escrow account management
3
Periodic statement requirements
4
Error resolution procedures
5
Information request handling
6
Servicing transfer requirements

BaaS Platforms Compliance Challenges

Oversight of multiple fintech partners
Demonstrating partner compliance to examiners
Scaling oversight with partner growth
Managing third-party risk at scale
Consistent compliance standards

How Canarie Helps BaaS Platforms

Automated Workflows

Recurring Mortgage Servicing Compliance Execution tasks are scheduled, assigned, and tracked automatically.

Evidence Capture

Evidence is captured automatically as compliance work is completed.

Audit Trails

Complete audit trails show who did what, when, with immutable records.

Examiner-Ready Export

Export organized evidence packages in formats examiners expect.

Non-Compliance Risks

Actual and statutory damages
Pattern or practice penalties
CFPB enforcement actions
State enforcement

Frequently Asked Questions

Automate Mortgage Servicing Compliance Execution for Your BaaS Platform

See how baas platforms execute compliance with confidence.