Introduction to Mortgage Origination Examinations Training eBook

Internal Use Only

1. Board’s Overall Responsibility Responsibilities of the Board - Continued • Actively engaged • Corporate culture & values

• Risk appetite • Oversee risk • Implement key policies • Finance function

Internal Use Only

1. Board’s Overall Responsibility Responsibilities of the Board - Continued • Financial statements • Hire & oversee CEO/Senior Management • Compensation & risk alignment • Whistleblower policies & procedures • Related party transactions • Regulator relationships