Compliance and Remediation

Banks today are operating in an unforgiving  “zero tolerance” compliance environment which impacts everything they do.  The challenge for every bank is how to operate profitably in this new environment.  Teraverde Compliance Services helps banks streamline operations to lower costs and identifies growth opportunities to increase profits, while simultaneously meeting these stringent and expanding compliance requirements.

We deliver comprehensive compliance solutions to financial institutions of all sizes in a variety of specialty compliance areas:  Bank Secrecy, Anti-Money Laundering, Qualified Mortgage, Regulations X and Z, Safe Act, Fair Lending and other critical compliance areas.

We also provide compliance systems review and design to facilitate and ensure compliance throughout your banking operations and to optimize systems and processes that have not delivered desired, optimal, or fully compliant, results.

Additionally, Teraverde Compliance Services evaluates and models credit policy and loss mitigation strategies;  provides retrospective loan review and quality assurance services; and provides assistance with risk assessment, enterprise risk management, regulatory remediation, regulatory order compliance as well as interim executives.

Governance & Controls

  • Creation, review and updating of policies and procedures
  • Regulatory compliance reviews
  • Regulatory examination preparation
  • Compliance risk assessments
  • Compliance program design
  • Board compliance training and advisory services
  • Staff compliance training
  • Advertising compliance review
  • Servicing and collections compliance review 
  • Regulatory finding management and oversight 

Consumer Compliance

  • Home Mortgage Disclosure Act (HMDA) filing assistance and data analysis
  • Mortgage disclosure audits
  • Truth in savings disclosure audits
  • High-cost mortgage compliance audits
  • Community Reinvestment Act (CRA) analysis
  • Fair lending review
  • Consumer compliance disclosure evaluations 
  • Flood review