Introduction to Mortgage Origination Examinations Training

3/7/2025

Internal Use Only

Initial Privacy Notice What to look for as an examiner: • Was the disclosure timely provided to all customers/consumers? • Did the policy accurately represent the company’s sharing policies? • Did the company provide a way for consumers/customers to opt out of sharing if applicable?

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Internal Use Only

Variable Rate Disclosure What to look for as an examiner:

• Was the disclosure provided timely in transactions involving an adjustable-rate mortgage secured by the borrower’s principal dwelling? • Did the company provide a disclosure for each variable rate program the borrower expressed interest? • Did it include all required elements? • Are all the required elements accurate for the program the borrower expressed interest?

96

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