lending compliance audits

Lending compliance audits are thorough reviews conducted by financial institutions or regulators to ensure that loans are made following legal and internal policies. They check that lenders verify borrower information, follow fair lending laws, and accurately document transactions. The goal is to prevent fraud, discrimination, and risky lending practices, ensuring the institution complies with all regulations. These audits help maintain transparency, protect consumers, and reduce financial and legal risks for the lender. Essentially, they are routine checks to confirm that lending activities are fair, lawful, and properly managed.