Intro to Becoming an MMC EIC eBook

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Table of Contents Background and Purpose ..................................................................................................................... 3 Acronyms and Definitions .................................................................................................................... 3 Role of the MMC .................................................................................................................................. 5 OCOE Mortgage Company Identification .............................................................................................. 5 Mortgage Originators ...................................................................................................................... 6 Mortgage Servicers.......................................................................................................................... 6 Target Number of MMEs to Receive OMC Designation.................................................................. 6 Examination Scheduling ....................................................................................................................... 6 Maximum Number of Participating State Agencies ........................................................................ 7 Lead State Agency and Participating Agency Selection ......................................................................... 7 Examiner-in-Charge ......................................................................................................................... 8 EIC and SPOC Pool and Resources ................................................................................................... 9 Scope of Examinations ......................................................................................................................... 9 Examination Participation Parameters ................................................................................................. 9 No Concurrent Examinations.............................................................................................................. 10 Examination Moratorium ................................................................................................................... 10 Accepting and Leveraging Agencies .................................................................................................... 11 Accepting Agencies........................................................................................................................ 11 Leveraging Agencies ...................................................................................................................... 11 Non-OCOE Examinations .................................................................................................................... 11 OCOE Support .................................................................................................................................... 12

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