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Clayton Introduces Internal Audit Services Program

Clayton Holdings LLC recently announced that it has developed an enhanced internal audit services program.  The program is designed to help bank and lender clients develop, manage and enhance their internal risks and controls programs and comply with new government-sponsored enterprise (GSE) and Consumer Financial Protection Bureau (CFPB) requirements.

Offered by Clayton’s consulting division, the program leverages the company’s in-depth industry knowledge and combines it with professionals to deliver operational efficiencies. The program strengthens internal audit activities in several areas, including:

  • Risk assessment design/performance
  • Turnkey development of internal audit functions
  • Internal audit process reviews/enhancement
  • Remediation of gaps in existing audit programs

“The GSEs, investors, corporate boards and regulators are all focusing on the importance of managing internal risks and controls,” said Jeff Tennyson, President of Clayton. “Fannie Mae now requires seller/servicers to have internal audit and management control processes, and the CFPB is mandating and examining for Compliance Management Systems. Our new offering helps clients identify gaps and inadequacies in existing functions before GSE and regulatory reviews and to design and build stronger processes. Depending on the client’s need, our role can range from reviews to training and from problem remediation to turnkey audit process development.”

About Author: Seth Welborn

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