Shayna Hutchins Arrington believes communication is the key to a company’s success in being compliant with all rules and regulations affecting the mortgage industry. In January, when Arrington joined The Money Source, a national mortgage lender and servicer, she was insistent that compliance could be a value-add if executed correctly.
To that end, she was instrumental in securing and participating in a series of meetings with the U.S. Department of Housing and Urban Development and Ginnie Mae, two agencies with which The Money Source does business. Her guidance has moved the company into a proactive compliance stance as it builds relationships with key agency personnel to open up dialogue.
Prior to The Money Source, Arrington was a senior compliance attorney with a law group where she advised clients on compliance-related matters within the mortgage banking industry. She’s also held past positions with the federal government that have given her a well-rounded private and public view into regulatory, legal and compliance issues affecting the housing industry.
At The Money Source, Arrington is responsible for overseeing the company’s quality control, licensing, vendor management and client management departments. She oversees regulatory compliance in multiple service lines, including retail, correspondent and wholesale lending, and loan servicing. As the company builds out its technology, Arrington will assure the technology meets the highest levels of compliance while being user friendly.
Arrington has an uncanny ability to distill a company’s immediate needs, provide actionable direction and energize the team to move together to meet its goals.