Intro to Mortgage Origination Examinations - June 2022

1. Board’s Overall Responsibility Risk Appetite, Management and Control – Continued 2. Independent Risk Management Function • Oversee & assess risks • Promote importance • Financial accuracy & reporting • Compliance function

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1. Board’s Overall Responsibility Risk Appetite, Management and Control – Continued 3. Internal Audit • Independent & effective • Internal controls • Internal Auditors must be:

• Competent • Independent

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