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FMC Correspondent Announcement:04/17/2018First Guaranty Mortgage Corporation to Partner with a New Subscriber: Rushmore Loan Management Services LLC EFFECTIVE DATE: 512018 First Guaranty Mortgage
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FGMC correspondent announcement is a report filed by financial institutions to disclose their correspondent relationships.
Financial institutions are required to file FGMC correspondent announcement.
FGMC correspondent announcement can be filled out electronically on the designated platform provided by the regulatory authorities.
The purpose of FGMC correspondent announcement is to enhance transparency and mitigate risks associated with correspondent relationships in the financial sector.
FGMC correspondent announcement must include details of the correspondent relationships, such as the name of the correspondent, nature of the relationship, and the level of due diligence conducted.
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