Intro to Mortgage Origination Examinations - June 2022

Policy Review Examiners should determine whether compliance policies & procedures: 1. Are designed to effectively manage compliance risk in the products, services and activities of the mortgage company. 2. Are consistent with approved compliance policies. 3. Address compliance with applicable Federal consumer financial laws in a manner designed to minimize violations and to detect and minimize associated risks of harm to consumers.

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Policy Review Examiners should determine whether compliance policies & procedures: 4. Cover the full lifecycle of all products and/or services offered. 5. Are maintained and modified to remain current and complete, and to serve as a reference for employees in their day ‐ to ‐ day activities.

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