Introduction to Becoming an MMC EIC

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Table of Contents Background and Purpose....................................................................................................................3 Acronyms and Definitions ..................................................................................................................3 Role of the MMC................................................................................................................................5 OCOE Mortgage Company Identification.............................................................................................5 Mortgage Originators ...................................................................................................................... 6 Mortgage Servicers.......................................................................................................................... 6 Target Number of MMEs to Receive OMC Designation.................................................................. 6 Examination Scheduling .....................................................................................................................6 Maximum Number of Participating State Agencies ........................................................................ 7 Lead State Agency and Participating Agency Selection ........................................................................7 Examiner-in-Charge ......................................................................................................................... 8 EIC and SPOC Pool and Resources................................................................................................... 9 Scope of Examinations .......................................................................................................................9 Examination Participation Parameters................................................................................................9 No Concurrent Examinations ............................................................................................................10 Examination Moratorium .................................................................................................................10 Accepting and Leveraging Agencies ..................................................................................................11 Accepting Agencies........................................................................................................................ 11 Leveraging Agencies ...................................................................................................................... 11 Non-OCOE Examinations ..................................................................................................................11 OCOE Support..................................................................................................................................12

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