Introduction to Mortgage Origination Examinations Training eBook

Internal Use Only

1. Board’s Overall Responsibility Risk Appetite, Management and Control – Continued • Risk Appetite Statement (RAS): • Qualitative & quantitative • Risk assumption • Boundaries • Communication • Decision-making • Issue escalation process • Board leadership & management involvement

Internal Use Only

1. Board’s Overall Responsibility Risk Appetite, Management and Control – Continued 1. Business Units • Take risks

• Manage risks • Report risks