1.Licensing Renewals

Keeping your licenses current is essential for uninterrupted operations. Verify that all state and federal licenses, including NMLS profiles, are renewed on time. Double-check that Continuing Education requirements are complete for all loan originators and address any outstanding issues.

2.Suspicious Activity Reports ("SARs")

Year-end is the perfect time to review your SAR processes. Ensure all required SARs are filed, documented, and securely stored. Properly closing out any outstanding SARs demonstrates your commitment to BSA/AML compliance and keeps your institution audit-ready.

3.Complaint Logs

Ensure that all consumer complaints received throughout the year are fully logged, resolved, and documented. Review your logs for trends that might highlight operational weaknesses or recurring issues. Address unresolved complaints to clean the slate for 2025.

4.Employee Training

An informed team is your best defense against compliance violations. Confirm that all annual training requirements have been completed by your current employees, covering essential areas like TRID compliance, anti-money laundering, and data security. Document all training sessions and attendance records for audit purposes. Best Practice: Schedule a refresher training for Q1 2025 to reinforce critical topics and prepare for the year ahead.

By tackling these four priorities—licensing renewals, SARs, Complaint Logs, and employee training—you’ll set your business up for compliance success in 2025. These tasks are not just regulatory requirements but also critical components of building trust and operational efficiency

5.Need Support?

If you need assistance with any of these tasks, from licensing renewals to employee training, the EASE Compliance Advisors team is here to help. Let us ensure you end 2024 with confidence and start 2025 ready to thrive.