12 CFR Part 1024

RESPA/Reg X Compliance Execution for BaaS Platforms

The Real Estate Settlement Procedures Act governs real estate settlement processes and mortgage servicing. Canarie helps you execute RESPA compliance through automated workflows for disclosure requirements, escrow management, and loss mitigation procedures. Specifically tailored for the compliance requirements of baas platforms.

More for BaaS Platforms

Key Requirements

1
Loan Estimate and Closing Disclosure requirements
2
Escrow account management
3
Loss mitigation procedures
4
Error resolution requirements
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 RESPA/Reg X 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 damages
Statutory damages up to $2,000
Pattern or practice penalties up to $1M per day
Attorney fees and costs

Frequently Asked Questions

Automate RESPA/Reg X Compliance Execution for Your BaaS Platform

See how baas platforms execute compliance with confidence.