Lenders Compliance Group, Inc. & Abrams Garfinkel Margolis Bergson, LLP Join Forces

Sept. 19, 2011 - PRLog -- Long Beach, NY - Lenders Compliance Group, Inc. (LCG), a nationwide risk management firm, and Abrams Garfinkel Margolis Bergson, LLP (AGMB), a national law firm, today announced a strategic alliance to offer mortgage risk management guidance to the mortgage industry. Together the two firms will build on existing tools, processes, risk assessment analyticals, and resources to provide a "best practices" approach to residential mortgage compliance. Both firms offer regulatory guidance to members of the real estate and banking industries. LCG provides a suite of services for all areas of mortgage banking, such as loan audit analytics, research, regulatory compliance guidance, loan origination channel and product development, mortgage quality control, and due diligence reviews.

Neil Garfinkel, named partner of AGMB and the head of its real estate and banking practices, and Michael G. Barone, head of regulatory compliance for AGMB, have accepted positions as Directors of Lenders Compliance Group.

“Abrams Garfinkel is a well-respected leader in providing legal and regulatory counsel," said Jonathan Foxx, President and Managing Director of Lenders Compliance Group. "The mortgage banking and mortgage brokerage industries have needed appropriate, affordable resources to implement compliance solutions that reflect reliable and accurate best practices. So this kind of alliance is somewhat unique to mortgage banking and mortgage brokerage.  It offers a ‘best practices’ approach for our respective clients: top legal talent at AGMB who are experienced in mortgage banking and mortgage brokerage combined with top risk management professionals at LCG who are experienced in all areas of regulatory and mortgage banking compliance. Our suite of auditing and due diligence services further supports these cost-effective efforts."

"After working with Jonathan Foxx on a variety of matters through the years it is clear that Jonathan and LCG provide a wealth of information and unprecedented access to mortgage risk management support within the mortgage banking and mortgage brokerage industries," said Neil Garfinkel. "The procedures and requirements for originating residential mortgage loans are experiencing enormous changes and will continue to do so for many years to come. This alliance ensures that AGMB and its clients are well versed and represented, with respect to all regulatory compliance issues affecting their businesses. We are excited to bring together our resources and provide the mortgage industry with ‘best practices’ solutions that strengthen our clients and the industry."

About: Lenders Compliance Group, Inc.
Lenders Compliance Group, Inc. is the first full-service, mortgage risk management firm in the country that specializes exclusively in outsourced mortgage compliance. It offers a full suite of regulatory compliance services in mortgage banking. It is a national company that is widely known to be a pioneer in outsourcing and auditing solutions for residential mortgage compliance. The organization consists of Directors, Group Administrators, Attorneys, Compliance Consultants, Credentialed Auditors, and Subject Matter Experts in all areas of mortgage risk management. Lenders Compliance Group supports its clients through hands-on guidance in effectively managing regulatory compliance risk. Bringing knowledge, experience, research, and expertise to its mortgage banking clients, the firm offers a cost-effective way to implement mortgage risk management. For more information, call (516) 442-3456 or visit http://www.lenderscompliancegroup.com.

About: Abrams Garfinkel Margolis Bergson, LLP
Abrams Garfinkel Margolis Bergson, LLP has extensive experience in representing its clients in all aspects of residential and commercial real estate and lending transactions.  A significant portion of AGMB’s practice is dedicated to advising its clients on compliance, licensing and regulatory issues.  In particular, Abrams Garfinkel Margolis Bergson represents mortgage banks, mortgage brokers, and real estate brokers on the vast array of laws and regulations which affect their businesses.   The firm serves as counsel to the Empire State Mortgage Bankers Association (ESMBA), the only trade association dedicated solely to representing  the interests of mortgage bankers in New York State, and it also serves as residential counsel to the Real Estate Board of New York (REBNY), created in 1896 as the first real estate trade association in New York State. Abrams Garfinkel Margolis Bergson hosts daily legal hotlines for members of both the ESMBA and REBNY. For more information, call (212) 201-1173 or visit http://www.agmblaw.com.

# # #

Lenders Compliance Group, Inc. is the first full-service, mortgage risk management firm in the country that specializes exclusively in outsourced mortgage compliance. It offers a full suite of regulatory compliance services in mortgage banking. It is a national company that is widely known to be a pioneer in outsourcing and auditing solutions for residential mortgage compliance.