Introduction to Mortgage Origination Examinations Training

Internal Use Only

Policy Review

• Implemented by management • Administered by CCO • Tailored to the company • Control risk • Independently audited Policies & procedures should be:

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Internal Use Only

Poll Question: A creditor must provide a copy of an appraisal or other written valuation promptly upon completion, or one business day prior to consummation of the transaction (for closed-end credit) or account opening (for open-end credit), whichever is earlier. True or False

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