Enhancing Your Compliance Management System with a Governance, Risk, and Compliance (GRC) System

In today’s increasingly regulated business environment, compliance is no longer a “nice-to-have” — it’s an essential component for survival and growth. Financial institutions, particularly mortgage lenders and servicers, face increasing scrutiny from regulators like the Consumer Financial Protection Bureau (CFPB), Department of Housing and Urban Development (HUD), and others. To stay ahead, companies must not only manage compliance efficiently but also integrate governance and risk management into their processes. This is where a robust Governance, Risk, and Compliance (GRC) system comes in.