What is Review Alliance?

We create bank compliance reviews for community banks of all sizes.

Because we use a team of seasoned professionals who understand community banking, we create processes, reviews, and reports that are oriented towards bank functions and their exams.

OUR BASIC BANK COMPLIANCE REVIEW PACKAGE

  • Bank Secrecy Act (BSA)
  • Lending Compliance
  • Deposit Compliance
  • ACH
  • Internal Controls
  • Now Offering — IT Review
  • Other a la carte services will be avail- able; like Flood Scrub, HMDA Scrub and Loan Review, and a BSA Review for Banks.

 

For more information and to get started, visit the R/A website

 

 

Review Alliance: Did You Know?

  • Did you know that dates on applications not only effect timing for TRID but also Adverse Actions? LEs must be delivered within 3 days of the received application date even if the loan was denied.  The exception to this rule is if the loan was denied within the first 3 days.  If there is no received date this make timing difficult and could look like a potential violation.
  • Did you know that dates on applications not only effect timing for TRID but also Adverse Actions? LEs must be delivered within 3 days of the received application date even if the loan was denied.  The exception to this rule is if the loan was denied within the first 3 days.  If there is no received date this make timing difficult and could look like a potential violation.
  • Did you know that as a best practice it’s important to get updated loan applications at least annually?

This helps ensure the bank retains updated information for their customers

• Covers the bank by giving permissible purpose to pull credit

  • Did you know that reconciling monthly statements from Credit Reporting Agencies is a best practice to help ensure the bank is only utilizing the service for applicable credit requests? This practice can help ensure information is being obtained and used permissibly, as well as help ensure compliance with the Fair Credit Reporting Act. 

Hand in hand with that, also: 

Did you know that it’s a best practice to have your Credit Reporting Agency statement include the names of the customers that have credit pulled? This will help ensure all customers credit who is pulled has requested a bank product requiring a credit report.