Intro to Mortgage Origination Examinations - June 2022

Examination – Pre-Exam For any questionable claim or omission: • Questionnaire responses • Advertising expenses • Policy & procedures • Request substantiation from management • Request translation

37

Substantiation • Reasonable basis for objective claims before they are made • Possess & rely on evidence • Applicability • Exists is material • Post-claim substantiation may influence findings

38