Lenders Compliance Group Names Michael J. Wallace Esq. to Director of Marketing Compliance

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Compliance expert to manage mortgage compliance practice

Lenders Compliance Group Inc. (LCG) is pleased to announce that company founder Jonathan Foxx has appointed Michael J. Wallace Esq. to the position of director of marketing compliance. Wallace will manage the firm’s mortgage compliance practice that is devoted to the legal and regulatory requirements relating to residential mortgage loan product advertisements, marketing and lead generation programs.

“Jonathan Foxx and Lenders Compliance Group clearly possess and provide a wealth of information and unprecedented access to mortgage risk management support within the mortgage banking and mortgage brokerage industries, both of which are necessary to navigate the myriad of new procedures and requirements being imposed on mortgage companies,” said Wallace. “This is a unique opportunity for our clients to receive reliable support with respect to all regulatory compliance issues in the areas of advertising, marketing and lead generation. I am excited to join this prominent firm and provide ‘best practices’ compliance solutions to strengthen our clients and the industry."

“We are especially pleased to welcome Michael to our firm,” said Foxx, LCG’s president and managing director. “His background, experience and diverse knowledge offer our clients a unique and cost-effective opportunity to satisfy their marketing compliance needs at the highest professional level.”

For more than 20 years, Wallace has counseled clients on applicable federal and state industry laws and regulations with respect to mortgage acts and practices and marketing compliance, in particular. He has substantial expertise in identifying regulatory risks pertaining to advertisements, marketing campaigns, and lead generation methodologies. Wallace will join LCG’s other directors in providing hands-on mortgage compliance support to the firm’s clientele, including single and multi-platform lenders, investors, servicers, mortgage bankers, mortgage brokers, banks and credit unions. He is the developer of the Clix MG Inc., a contact management provider to the mortgage industry.

Lenders Compliance Group, Inc. is the first full-service, mortgage risk management firm in the country that specializes exclusively in outsourced mortgage compliance. LCG 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 versed 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.

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Joel Berman
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