Maintain risk management controls and supervisory procedures under the direct and exclusive control of the broker-dealer with market access.

FORBES: No More Tolerance For Unlicensed Driving In The Markets

Establish a compliance program to ensure mortgage-servicing and foreclosure operations, including loss mitigation and loan modification, comply with all applicable legal requirements and supervisory guidance, and assure appropriate policies and procedures, staffing, training, oversight, and quality control of those processes.

FORBES: Mortgage Lenders Get A Slap On The Wrist