Compliance in the mortgage industry involves adhering to laws and regulations that ensure fair lending, protect consumers, and maintain privacy and data security. This includes following the Equal Credit Opportunity Act and Fair Housing Act to prevent discriminatory lending practices, and adhering to the Truth in Lending Act and Real Estate Settlement Procedures Act for transparent communication with borrowers. Additionally, compliance encompasses obtaining necessary licenses, safeguarding borrower data per regulations like the Gramm-Leach-Bliley Act, and adhering to anti-money laundering protocols to prevent financial crimes.