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Clayton Introduces Internal Audit Services Program
Clayton Holdings LLC, based in Shelton,
Connecticut, recently announced that it has developed an
enhanced internal audit services program. e 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.
e program strengthens internal audit activities in several
areas, including risk assessment design/performance, turnkey
development of internal audit functions, internal audit process
reviews/enhancement, and remediation of gaps in existing audit
programs.
"e GSEs, investors, corporate boards, and regulators
are all focusing on the importance of managing internal risks
and controls," Clayton President Jeff Tennyson said. "Fannie
Mae now requires sellers/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."
