Marketing Service Agreements (MSAs) have become a key focal point of regulators as a result of the abusive use by individuals seeking to receive compensation for referrals. Evaluating the value of the marketing services is essential to analyzing RESPA compliance and avoiding violations.
The misuse of MSAs, both in contract and in practice, may result in severe consequences, as evidenced by recent enforcement actions.
Through an independent analysis and audit, MQMR’s team of experienced compliance auditors can help you evaluate your MSA relationships and make educated decisions regarding your MSAs.
Evaluate the assumptions used to derive the FMV* paid for the marketing services performed.
Ensure the mortgage company is receiving the services set forth in the MSA.
Provide documentation for regulators of periodic testing and compliance with RESPA (Reg. X) and TILA (Reg. Z).
