Intro to Mortgage Origination Examinations - June 2022

1. Board’s Overall Responsibility Responsibilities of the Board - Continued • Actively engaged • Corporate culture & values

• Risk appetite • Oversee risk • Implement key policies • Finance function

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1. Board’s Overall Responsibility Responsibilities of the Board - Continued • Financial statements • Hire & oversee CEO/Senior Management • Compensation & risk alignment • Whistleblower policies & procedures • Related party transactions • Regulator relationships

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