Core Areas for Review for Mortgage Origination Exams
If a user with an EIC profile is starting a mortgage origination exam and wants to include all the standard core information requests, below are the areas for review they should include:
- Advertising and Marketing
- Appraisals
- Bank Secrecy Act, Anti-Money Laundering, OFAC
- Business Model and Organization Structure
- Complaints
- Compliance and Internal Routines and Controls
- CSBS Nonbank Cybersecurity & IT Exam ProgramsNote: If the Enhanced Program will be used, the EIC must manually add the Enhanced exam procedures. See Adding a Procedure for instructions on how to add exam procedures to a SA.
- Error Resolution and Consumer Inquiries
- Financial Condition - Asset Quality
- Financial Condition - Capital Adequacy
- Financial Condition – Earnings
- Financial Condition – Liquidity
- Financial Condition - Sensitivity to Market Risk
- Information Sharing and Privacy
- Loan File Review
- Management and Board
- Mortgage Loan Originators
- Origination Activity
- Policies and Procedures
- Service Provider Oversight
- Servicing and Loan Ownership Transfers
- Training Program
- Underwriting