LONG BEACH, N.Y. - Oct. 13, 2015 - PRLog -- Lenders Compliance Group, Inc. (LCG), a nationwide risk management firm, today announced that Daniel Duggan, an expert in Secondary Marketing and Capital Markets, has joined the firm as Director of Secondary Marketing Compliance. In that capacity he will work with the firm’s clients to support existing tools, processes, risk assessments, and resources, in order to provide a "best practices" approach as it relates to secondary marketing and capital markets.
The addition of someone with Mr. Duggan’s extensive experience in secondary markets and capital markets to LCG’s existing team of subject matter experts will enhance the firm’s ability to provide a comprehensive approach to internal and external audits, banking exam preparation, and critical regulatory compliance reviews involving secondary marketing and capital markets. There is no risk management firm in the United States that offers this specific kind of compliance support.
“Daniel Duggan has distinguished himself as an accomplished professional,” said Jonathan Foxx, President & Managing Director of Lenders Compliance Group. "As Senior Vice President of Risk Management at HSBC Mortgage Corporation, USA, Dan’s responsibilities included the management and oversight of HSBC’s Secondary Marketing, Quality Control, Finance, and Servicing Rights. In fact, he served on HSBC’s Asset and Liability Committee as well as on Freddie Mac's National Advisory Council.”
Mr. Duggan stated, “It is clear that Lenders Compliance Group provides a wealth of information and unprecedented access to mortgage risk management support within the mortgage banking and mortgage brokerage industries. In my view, expanding the services offered to include Secondary Marketing ensures that our clients are well versed and represented, with respect to all regulatory compliance issues affecting their businesses. I am excited to offer effective and comprehensive compliance solutions in the areas of secondary marketing and capital markets.”
Mr. Duggan has extensive experience in virtually all areas of mortgage banking, with a specialization in secondary marketing. With regards to secondary marketing and capital markets, he has extensive experience in areas such as establishing agency and investor relationships, managing interest rate risk, and securitizing loans.
In announcing Mr. Duggan’s position with LCG, Jonathan Foxx noted that “Dan’s expertise in nearly all aspects of mortgage banking, along with his concentration in secondary marketing and capital markets, has given him a special perspective on the relevant compliance needs. He now brings that focus and experience to our clients.”
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: Daniel Duggan
Daniel Duggan has been in executive management at top mortgage banking corporations. He has over twenty five years of in-depth management experience in regional and national mortgage lending institutions. His expertise is extensive, including the oversight and analysis of credit standards to ensure compliance with Agency and Investor guidelines, product development, roll out and marketing of residential loan programs, including FHA, VA and conventional loans, while ensuring adherence to Agency underwriting guidelines. He is an expert in risk management that focuses on the quality and performance of loan portfolios, management of quality control functions based on standards that comply with Agency and Investor guidelines, and all aspects of secondary marketing and capital markets management.
Contact
Director of Marketing
***@lenderscompliancegroup.com
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