Mortgage Broker and/or Non-Delegated Correspondent Compliance Management System Policies and Procedures Manuals
Investor Approval Policies and Procedures
Investors typically request copies of policies and procedures, or require a certification that policies and procedures exist, that show that their counter parties have the minimum policies and procedures that ensure an understanding and structure for compliance. These are normally requested at the time of application, then annually at the time of renewal. The complete Broker/Non-Delegated Correspondent Compliance Management Package of Policies and Procedures Manuals provides all these materials.
Regulator and State Agency Policies and Procedures
State Regulators request certain policies and procedures to meet their oversight responsibilities. Depending on the state and the legacy of interaction, the regulator may have a minimal set of requirements, or the request may be expansive and broad. These documents may be requested at the time of application, or later during the periodic exam process, which occurs every 1-3 years. The complete Mortgage Broker/Non-Delegated Correspondent Compliance Management System (CMS) of Policies and Procedures Manuals contains all of these materials and more.
The Difference Between Mortgage Brokers/Non-Delegated Correspondents and Bankers/Lenders
We have stripped the lender functions from the Mortgage Broker/Non-Delegated Correspondent Package. Still, even though they tend to be smaller companies, they still have to comply with all of the same laws and rules as the mortgage lender. To help the broker/non-delegated correspondent comply, this Complete Compliance Management System Policies and Procedures Package of materials contains every element necessary for today's mortgage industry.
Contents include:
100% Guaranteed to Comply
Investors typically request copies of policies and procedures, or require a certification that policies and procedures exist, that show that their counter parties have the minimum policies and procedures that ensure an understanding and structure for compliance. These are normally requested at the time of application, then annually at the time of renewal. The complete Broker/Non-Delegated Correspondent Compliance Management Package of Policies and Procedures Manuals provides all these materials.
Regulator and State Agency Policies and Procedures
State Regulators request certain policies and procedures to meet their oversight responsibilities. Depending on the state and the legacy of interaction, the regulator may have a minimal set of requirements, or the request may be expansive and broad. These documents may be requested at the time of application, or later during the periodic exam process, which occurs every 1-3 years. The complete Mortgage Broker/Non-Delegated Correspondent Compliance Management System (CMS) of Policies and Procedures Manuals contains all of these materials and more.
The Difference Between Mortgage Brokers/Non-Delegated Correspondents and Bankers/Lenders
We have stripped the lender functions from the Mortgage Broker/Non-Delegated Correspondent Package. Still, even though they tend to be smaller companies, they still have to comply with all of the same laws and rules as the mortgage lender. To help the broker/non-delegated correspondent comply, this Complete Compliance Management System Policies and Procedures Package of materials contains every element necessary for today's mortgage industry.
Contents include:
- Broker QC Plan (including pre-funding)
- Red Flags - Fraud and FACTA
- Anti-Money Laundering (BSA/AML) and SAR reporting
- Information Security Plan - ID Theft - FACTA Red Flags
- Privacy/Safeguarding
- Loan Originator Compensation
- Fair Lending
- SAFE Act Policies
- Predatory Lending Policies
- Compliance Management
- TRID - Truth-in-Lending and RESPA Integrated Disclosure
- Vendor Management (Appraiser/Info Security)
- Ability to Repay
- Anti-Steering Policies (Loan Originator Comp)
- Hiring Practices (Background checks)
- Advertising Policies
- Appraiser Independence Policies
- Complaint Resolution
- Disaster Recovery/Business Continuity
- and anything else you need for regulatory or investor approval
100% Guaranteed to Comply
Purchase the Broker Non-Delegated Correspondent Complete Compliance Management System Policies and Procedures Manuals
$445
Documents delivered electronically in 100% editable Word/MS Office format - allow 5-15 minutes for delivery via e-mail
Referrals from State Association or Compliance Partners eligible for discount code - request one here
Documents delivered electronically in 100% editable Word/MS Office format - allow 5-15 minutes for delivery via e-mail
Referrals from State Association or Compliance Partners eligible for discount code - request one here
