Since our company started presenting MLO classes, there is one word I have heard constantly: Compliance. As in “Before I do that, I will have to check with my compliance officer.” These people wield tremendous power.

Whenever I want a basic definition of a word, I go to Webster’s out of habit. What does Webster’s say in my 2,214 page dictionary?  It is:

1. The act of confirming, acquiescing or yielding.

2. A tendency to yield readily to others.

3. Cooperation or obedience.

4. Compliance with the law is expected of all?

Maybe number 4 is the important one. A knowledgeable compliance department is a necessity. My favorite is Theresa Ballard of BFO Solutions Incorporated.  To visit her go to BFO Solutions Inc.

For more information:  Google “compliance”.

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