Copy

ADA Website Shakedowns; Transitional Licensing Policy

ADA Lawsuits - Compliance Risks Outside of the Loan File

You may have your loan-level compliance nailed; it's the rest of your operation that puts you at risk.

A recent demand letter a client received shows an excellent example of this. The law firm wanted a $25,000 settlement. ADA website compliance legal actions have risen over 300% from 2018 to 2019. Compliance blogs are abuzz with these actions. Because the mortgage industry offers Federally related financing, we represent an ideal target, too. With the threat of any legal action representing a risk to your ongoing business, you have to respond because of the waterfall effect on your license.

A client of ours just did that. He corrected his website at a substantial cost and time investment - $10,000 and six weeks. But he still had to go to an ADA compliance consultant and get a certificate of compliance and, even after that, there were still problems. The issue is incredibly complex because of the vast array of disabilities you have to accommodate, not just blind individuals, but color blind, learning disabled, input impaired and so on.

This urgent crisis prompted me to investigate possible solutions for our clients. It's not just about finding your website's problems (there are plenty of scare tactics out there); it's really about minimizing the investment required to fix problems today and going forward.

Here's a solution which, after installing one line of code in your website header, on the fly renders an ADA compliant site and provides you with a compliance certificate. Problem solved.

https://accessibe.com/a/kzz6rkl

Our compliance services focus on your operational risks. You don't know what you don't know, so check with me today about our services.


 
Check out the Accessibe Solution
SAFE Act Transitional Authority Policy Sample
We have released an update to the 2-70 SAFE Act Policy to include the Transitional Licensing Procedures. Remember 1.) This isn't for registered LOs, only LOs licensed in another state. 2.) The company has to be licensed first.
Download Sample SAFE Act Policy
As always, if you have a specific need that you don't see, if you need help with anything or if you just have an idea that will make the system better for everyone, please let me know.  

Regards,



Thomas Morgan


Thomas Morgan
View this email in your browser 
This contains important update information regarding products you have purchased
MortgageManuals.com
Mortgage Management Systems
1 Research Court, Suite 450
Rockville, MD  20850
(877) 918-7246 (91-TRAIN)
(888) 209-7916 fax
 
Share Share
Tweet Tweet
Forward Forward
Copyright © 2020 MortgageManuals.com, All rights reserved.


unsubscribe from this list    update subscription preferences 

Email Marketing Powered by Mailchimp
Facebook
Twitter
Website
Email
YouTube