The new surge in regulation is not only affecting bank and mortgage companies, but in turn, it has trickled down to vendors and business partners, forcing them to submit thorough audits to ensure their processes and procedures are compliant, MortgageOrb said in a new report.

However, the article suggests vendor training cannot be static since industry guidelines and ordinances are constantly changing. 

In order to adapt, vendors need to be flexible, consistent and layered to multiple levels of positions, MortgageOrb explained.