Novus Mortgage is regulated by several federal and state agencies to ensure our operations meet industry standards and legal requirements.
Federal Regulations
We comply with regulations set forth by the Consumer Financial Protection Bureau (CFPB), Federal Housing Administration (FHA), and Department of Veterans Affairs (VA).
State Regulations
We adhere to the specific regulations of each state in which we operate. Our state licenses ensure we meet local requirements for mortgage lending.
Industry Standards
We follow best practices established by industry organizations, such as the Mortgage Bankers Association (MBA) and the National Association of Mortgage Brokers (NAMB).
Consumer Protection
We are committed to protecting consumer rights and ensuring transparent, fair, and ethical lending practices.
Compliance Audits
Regular internal and external audits are conducted to ensure ongoing compliance with all relevant laws and regulations.