Intro to Mortgage Origination Examinations Training - July 2025

Underwriting

Underwriting criteria and standards are set by secondary market including government loan programs and GSEs.

Does the broker/lender have an underwriting policy that addresses: 1. All products and services (i.e., types of loans originated and/or funded) 2. Institutional standards (e.g., GSEs)

3. Monitoring and approval of exceptions 4. Ability to Repay/Qualified Mortgages 5. Verification of Assets, Debt, Employment, and Income 6. Compensation/Incentives for underwriters

CFPB Mortgage Origination Exam Procedures

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