Intro to Mortgage Origination Examinations Training - July 2025

Internal Use Only

Exam Procedures Draw conclusions about policies & procedures: • Are they strong, satisfactory, deficient, seriously deficient, or critically deficient? • Do P&Ps match actual company/employee processes?

Internal Use Only

Poll Question: What is a red flag which is an indicator that a mortgage lender’s policy or procedure may be outdated? A. The document references agencies or regulations that no longer exist B. The policy includes a recent revision date and cites current regulatory guidance C. The procedures reflect the lender’s current systems and workflow D. The policy is signed and approved by current senior management