With Remote Work Here To Stay Lenders Focus On Options For Overseeing Employees

By KIMBERLEY HAAS It is estimated that more than one in five Americans will work remotely by 2025 and lenders are finding ways to remain compliant as loan officers choose that lifestyle. According to a recent USA Today report, workers in all professions are taking advantage of remote options. Just over one-third of workers in the U.S. who can work remotely do so full-time, and 41% of people who can be on a hybrid schedule are. At the same time, 58% of white-collar workers prefer to work remotely at least three days a week and only 16% of white-collar workers would consider a job that doesn’t offer the option of working remotely at least one day a week. Banks, mortgage…

Remote Office Inspection Helps Financial Companies Comply With Laws And Agency Guidelines

By KIMBERLEY HAAS Leaders at ActiveComply say their new digital service helps companies in highly regulated industries stay compliant while employing remote workers. Banks, mortgage lenders, credit unions, and investment banking firms have to follow strict agency guidelines, as well as state and federal laws. Remote Office Inspection allows compliance teams at those institutions to document their efforts when employees are working outside of the office. Rob Nunziata, co-founder and CEO of ActiveComply, uses the example of FHA home loan files, which must be protected under rules established by officials at the U.S. Department of Housing and Urban Development. Nunziata said the most important thing to regulators is that consumer data is protected. “We had a conversation with HUD early…