Experis Finance Expands MERS Independent Audit Services as Year-End Regulatory Deadline Nears

MILWAUKEE, Nov. 1, 2012 /PRNewswire/ -- Experis Finance, the global leader in professional resourcing and project solutions in risk advisory, finance & accounting and tax, has expanded its offering of Mortgage Electronic Regulation Systems, Inc. (MERS) independent audit services to mortgage originators and servicers faced with year-end regulatory compliance deadlines. In response to the OCC's consent orders, MERS requires leading mortgage companies and banks to provide an independent review of compliance with MERS system quality assurance standards by December 31, 2012.

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"The new MERS regulations require mortgage companies and banks to implement a third-party audit, and we're seeing these organizations struggle to comply by the year-end deadline," said Scott Mairs, managing director of the Experis Financial Institutions Business Services Center of Expertise. "Experis Finance has built a proven process for a thorough independent review. Our experts understand the MERS quality assurance regulations and work to ensure compliance and avoid reputational issues."

The Experis Finance MERS quality assurance service begins with a risk-based assessment to determine if the regulatory requirements are being met and works to develop an action plan for the necessary enhancements.

"The entire MERS independent review process can be completed relatively quickly, depending on the size of the institution. We start with a quick assessment and then work with the organization to identify changes to meet requirements. In the end, we provide the independent perspective to meet MERS regulations," said Mairs.

Experis Finance's expanded MERS independent audit services are part of the company's risk advisory, internal audit and compliance services. Its Risk Advisory practice also includes solutions for other emerging regulatory requirements imposed by federal regulations and the Consumer Financial Protection Bureau (CFPB) under Dodd-Frank and other banking rules.

About Experis
Experis™ is the global leader in professional resourcing and project solutions. Experis accelerates organizations' growth by intensely attracting, assessing and placing specialized expertise in IT, Finance and Engineering to precisely deliver in-demand talent and solutions for mission-critical positions and projects, enhancing the competitiveness of the organizations and people we serve. Experis is part of the ManpowerGroup family of companies, which also includes Manpower, ManpowerGroup Solutions and Right Management. To learn more, visit www.experis.us.

SOURCE Experis

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