Introduction to Mortgage Origination Examinations Training eBook

Internal Use Only

1. Board’s Overall Responsibility Risk Appetite, Management and Control – Continued 2. Independent Risk Management Function • Oversee & assess risks • Promote importance • Financial accuracy & reporting • Compliance function

Internal Use Only

1. Board’s Overall Responsibility Risk Appetite, Management and Control – Continued 3. Internal Audit • Independent & effective • Internal controls • Internal Auditors must be:

• Competent • Independent