Guidance for mortgage bankers, lenders, and brokers who have had their PPP Loan Forgiveness Application denied. Guest blog by James Brody, Mortgage Banking Practice Chair, Johnston | Thomas, Attorneys at Law, PC
Important HUD and (Proposed) GNMA Changes
In their most recent blog post, Loan Vision invited Dustin Pfluger to provide information on important changes that mortgage bankers need to prepare for as we approach year end.
Changes to the USFRCQ: Preparing for Your 2021 Audit
As we get ready to head into the audit season for Arizona school districts, auditors will be completing an updated version of the Uniform System of Financial Records (USFR) Compliance Questionnaire (CQ) as part of your audit. As a reminder, the completed USFRCQ must be submitted with the audit reporting package to the Arizona Office of the Auditor General. School districts should be aware of the changes and take the proper steps now to ensure you are in compliance.
Navigating the Minefield of Online Fundraising
Educators are increasingly turning to online crowdfunding to pay for expenses not covered by cash-strapped districts. If your district currently allows crowdfunding by staff members, how can you ensure that the funds and supplies raised are in compliance with district standards?
Introduction to the USFR Compliance Questionnaire
In addition to requirements of annual audits and federal compliance regulations, Arizona school districts are required to adhere to state compliance requirements as defined in the Uniform System of Financial Records (USFR). Our short video details the information Arizona school district leaders need to know regarding the USFR Compliance Questionnaire.
Arizona School District Audit Requirement Basics
Operating with taxpayer, state, and federal monies puts Arizona school districts under high scrutiny, often leading to more regulation. Our short video details the information Arizona school district leaders need to understand regarding their financial statement audit requirements.
Higher Education Emergency Relief Fund (HEERF) I and II: An Overview
While the pandemic has had monumental impacts on higher education institutions and their students, the passage of two legislative acts have attempted to alleviate some of its financial consequences. Our education professionals have compiled all the guidance available from the Department of Education regarding HEERF and HEERF II funds for our clients and friends in higher education to help you understand the opportunities available to support your students and operations.
Tax and Cash Implications of Excess Servicing
CWDL was asked to team up with Mortgage Capital Trading (MCT) on their latest whitepaper, Tax & Cash Implications of Creating Excess Servicing.
Maintaining Strong Internal Controls in a Virtual Environment
While hope is on the horizon with the national rollout of the COVID-19 vaccine, most organizations started the new year under the same conditions as they ended the last – remote working arrangements, reduced personnel and a reliance on virtual interactions. As a result of all of these workplace changes, internal controls over financial reporting may have been unintentionally relaxed, and controls that were once effective no longer suit the current environment. If you haven’t already, now is the time to examine your existing internal controls over operations and financial reporting to determine if your framework is effectively mitigating risk.
10 Best Practices to Improve Your Month-End Close
Frustrated with the inefficiencies of your month-end close? Looking to be audit-ready every month of the year? Our mortgage banking accounting expert Susan Volpe shares her 10 best practices to improve your month-end close.