Compliance in Lending: Keeping Up Without Falling Behind

Regulatory change is a constant in the mortgage industry. From evolving affordability criteria to new data protection laws, lenders must stay ahead of compliance requirements while maintaining operational efficiency. But for those relying on legacy systems, adapting to these shifts can be time-consuming, costly, and disruptive.

The cost of compliance delays

Compliance isn’t just about ticking boxes—it impacts how lenders assess risk, process applications, and protect borrower data. Outdated systems often struggle to:

• Implement new affordability rules without major bespoke development.

• Keep up with shifting reporting standards.

• Ensure data security at a level that meets modern regulatory expectations.

When compliance becomes a burden, it slows down decision-making, increases costs, and exposes lenders to risk.

Building compliance into the process

Rather than treating compliance as an afterthought, modern lenders are embedding it into their processes from the outset. Configurable technology allows lenders to:

• Adjust affordability criteria and reporting in real-time.

• Automate compliance updates without disrupting operations.

• Strengthen security and data protection to meet evolving regulations.

How Fignum supports secure and compliant lending

At Fignum, compliance and security are at the core of our technology. We hold ISO 27001 and Cyber Essentials Plus certifications, ensuring rigorous data protection through proactive security measures, vulnerability scanning, and hands-on assessments. Our approach helps lenders stay compliant while reducing the risk of data breaches and regulatory penalties.

For lenders, compliance doesn’t have to be a roadblock—it can be an opportunity to build trust, improve efficiency, and future-proof operations. With the right technology in place, meeting regulatory requirements becomes part of business as usual.