Alabama Receives Mortgage Accreditation
The Alabama State Banking Department received accreditation on September 20 through the CSBS/AARMR Mortgage Accreditation Program, becoming the 26th agency with a mortgage accreditation. The CSBS/AARMR Mortgage Accreditation involves an in-depth review of an agency’s policies, procedures and operations to determine if it meets national standards.
As part of Vision 2020 for nonbank regulation, state regulators are committed to pursuing high standards and learning from other states. CSBS offers education programs, analytics, certification and accreditation to help state regulators meet those goals.
CSBS will begin developing a money services accreditation program, slated to begin with the launch of a working group by the end of 2018.
Learn more about the accreditation process.