Auditors evaluate each sampled loan file to determine whether the file meets applicable agency and program guidelines including, but not limited to: FANNIE MAE, FREDDIE MAC, FHA, VA, USDA/RHS, FHLB, HECM, HELOCS, PORTFOLIO.
Policies and Procedures
Real world, practical solutions to mortgage compliance issues, emphasizing operational assessment and improvement, benchmarking methodologies, Best Practices, regulatory compliance, and mortgage risk management. Our policies and procedures support the applicable regulatory requirements as well as meet the needs of the loan originator’s business model.
Policies, procedures, and requirements relating to mini-correspondent loan originations and applicable mortgage acts and practices
Test the adequacy of the Residential Mortgage Lender and Originator to manage FinCEN’s anti-money laundering program and its compliance in filing Suspicious Activity Reports (SARs).
Review management’s commitment to implement effective monitoring and reporting systems.