Name: Customized Enterprises, LTD
Address: 1 E. Northwest Highway, Suite 204, Palatine, IL, 60067, United States
Telephone: +1-847-358-9730
Price range: -

Licensed in Illinois and able to practice in other states

Accounting for Mortgage Brokers

Customized Enterprises, LTD. provides mortgage brokers a complete array of auditing, bookkeeping, accounting, consulting, and tax services.

FHA-HUD Audit Services

Our audit services include HUD, FHA Brokerage, and Circular A-133 audits.This meets the standards of the Housing and Urban Development and are conducted in accordance with Government Auditing Standards issued by the Comptroller General of the United States and the Consolidated Audit Guide for Audits of HUD Programs.

Other services include:

Income tax preparation and full accounting and bookkeeping services for mortgage brokers, bankers and homeowner associations
Preparation of all HUD Financial Reports
Preparation of Performance Funding Reports
Computation of Year End Performance Funding Adjustments
On-Line Submission of Financial Data Schedule (audited and unaudited )
Electronic transmittal of audits in accordance with HUD Guidelines using the Lender Assessment Subsystem (LASS).
Compilations for State of Illinois Mortgage Brokers
Audits for Homeowners Associations

Why Mortgage Brokers Choose Us

Niche Expertise in Mortgage Industry Standards

Mortgage accounting isn’t one-size-fits-all. It requires deep familiarity with strict regulatory frameworks, government audit guidelines, and reporting procedures unique to brokers and lenders. That’s where we come in.

Unlike general accounting firms, we specialize in services that align directly with HUD and FHA compliance — including Circular A-133 audits and electronic financial submissions via LASS. Our proactive approach ensures you never miss a filing or fail to meet audit standards.

When you work with us, you gain a partner who understands the mortgage industry inside and out.

How We Support Mortgage Broker Compliance

Structured, Transparent, and Fully Collaborative

Every client engagement begins with understanding your specific obligations — whether you’re a solo mortgage broker, part of a team of mortgage consultants in Palatine, Illinois, or managing a larger lending operation. From there, we develop a strategy that covers your audit requirements, prepares year-end reports, and ensures all financial statements are ready for submission without delays or errors.

We act as an extension of your back-office team. Our goal is to bring order to your financial processes, reduce risk, and save you time through reliable systems and support.

Strategic Services Beyond Compliance

While your original services already include FHA-HUD audit support, tax prep, and reporting for associations, we also assist with:

Workflow optimization for audit preparation
Customized reporting templates for internal use
Periodic financial health reviews
Consulting on mortgage compliance trends
Support with lender licensing renewals that require financial disclosures

We build long-term relationships by offering more than just compliance — we deliver clarity, speed, and peace of mind.

FAQs About Mortgage Broker Accounting

What should I know before getting an FHA or HUD audit?

Before undergoing an FHA or HUD audit, it’s important to understand the specific compliance standards that apply to mortgage brokers. These audits follow strict government auditing procedures and require detailed documentation. We help ensure that all required schedules and statements are in place ahead of time so you’re fully prepared.

How do I know if I need a Circular A-133 audit?

If your mortgage operation receives federal funding exceeding certain thresholds in a fiscal year, you may be required to complete a Circular A-133 audit. We assess your eligibility and guide you through the process to make sure you remain in full compliance with federal audit regulations.

What are the most common mistakes mortgage brokers make with financial reporting?

Common issues include missing filing deadlines, submitting incomplete HUD reports, or failing to reconcile year-end financials properly. We help minimize those risks by providing structured support and a second set of expert eyes before anything is submitted.

Is electronic submission always required for HUD audits?

Yes, most HUD audit documentation must be submitted electronically using the Lender Assessment Subsystem (LASS). This includes both audited and unaudited financial data. We handle this process on your behalf, ensuring that everything is filed correctly and on time.

What’s included in a typical accounting service package for mortgage brokers?

Services often include bookkeeping, audit preparation, HUD financial reporting, income tax filing, and consulting on regulatory compliance. We tailor our packages based on your business structure and reporting obligations to make sure you get exactly what you need.

How do I stay compliant year-round instead of just during audit season?

Maintaining good records, consistent bookkeeping, and periodic reviews are key. We provide year-round support and guidance so you’re not scrambling when reporting deadlines approach.

What kind of support do I receive during an audit?

We guide you through each step of the audit process — from gathering documentation to preparing financial statements and submitting files electronically. Our team works closely with you to minimize disruption and make the experience as smooth as possible.

Let’s Simplify Your Financial Journey—Together

Partner with a team that understands your unique needs—so you can focus on growth, not guesswork. Contact us today to get started.