Introduction to Becoming an MMC EIC

Internal Use Only

Multistate Mortgage Committee (MMC) What is the OCOE? • One Company, One Exam Protocol (Regulator ‐ only website) • Encourages agencies to participate in (limit 10), leverage, or accept • Purpose is to implement a standardized mortgage exam process and to reduce regulatory burden • Overseen by NDSC and MMC • Sets forth roles and responsibilities of all participants including EIC • Defines the 12 ‐ month exam moratorium that begins on the onsite start date and requests that agencies avoid scheduling concurrent exams. •MMC is responsible for identifying and scheduling

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Internal Use Only

Multistate Mortgage Committee (MMC) How is the OCOE EIC Chosen? •MMC is responsible for selection of lead state agency (must participate) who then assigns the EIC • EIC role is the most significant role on an OCOE •Must be a skilled mortgage examiner with multiple years of experience •Must have active SES user account and experience with SES • Expectation is each state agency should commit to EIC or SPOC at least every third year •MMC will track agency involvement to ensure active participation

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