State Compliance Audit or Licensing Examination Preparation
The Tough Twelve - Challenging Examinations
California Department of Financial Protection and Innovation
Maryland Division of Financial Regulation
Massachusetts Division of Banks
Michigan Department of Insurance and Financial Services
Nevada Division of Mortgage Lending
New Hampshire Banking Department
New York Department of Financial Services
North Carolina NCCOB Mortgage Examination
Oregon Division of Financial Regulation
Pennsylvania Department of Banking and Securities
Texas Department of Savings and Mortgage Lending
Washington State Examination
Vermont Department of Financial Regulation
We assist with many other states, however, these are the states requiring the most effort to comply with.
These state examinations tend to require the highest level of detail. While much of the requested information is in Q&A format, lenders and brokers often don't have all the company policies and procedures. In addition, providing regulators with a stack of unsorted materials in a hodge-podge of formats can make the examiner's job more difficult. The more time an examiner has to spend looking for information, the more time he or she will be in your office and the more potential findings you encounter.
We assist in compiling documents, drafting cover memos, and organizing exhibit requests so the examiner has no reason to question your procedures. In this process, we can also identify problem areas with other materials, such as training.
New York State Examinations can be very intimidating, especially for smaller companies, because the NY DFS makes no distinction between small brokers and large lenders: all are expected to have a complete set of operating procedures and policies.
While a complete set of operating policies may seem like overkill for the small mortgage broker, there is a minimum set of procedures that you will want to have in place. We have packaged them especially for the small broker right here.
Audit Package Service
To facilitate the broker's examination process, we will assemble all required policies and procedures in the order and format requested by the state and provide you with a "ready to submit" package of information for your regulator.
Obviously, you will still have to assemble all the material related to the examination of your loan files and your physical operations.
Our service is covered by our guarantee.
Application Review and Packaging
Similarly, the application process will require some of the same documentation. It's a "Goldilocks Process." The critical mistake to avoid involves ensuring you send ENOUGH documentation to be substantive, but not TOO much to get tagged for superfluous submissions.
California Department of Financial Protection and Innovation
Maryland Division of Financial Regulation
Massachusetts Division of Banks
Michigan Department of Insurance and Financial Services
Nevada Division of Mortgage Lending
New Hampshire Banking Department
New York Department of Financial Services
North Carolina NCCOB Mortgage Examination
Oregon Division of Financial Regulation
Pennsylvania Department of Banking and Securities
Texas Department of Savings and Mortgage Lending
Washington State Examination
Vermont Department of Financial Regulation
We assist with many other states, however, these are the states requiring the most effort to comply with.
These state examinations tend to require the highest level of detail. While much of the requested information is in Q&A format, lenders and brokers often don't have all the company policies and procedures. In addition, providing regulators with a stack of unsorted materials in a hodge-podge of formats can make the examiner's job more difficult. The more time an examiner has to spend looking for information, the more time he or she will be in your office and the more potential findings you encounter.
We assist in compiling documents, drafting cover memos, and organizing exhibit requests so the examiner has no reason to question your procedures. In this process, we can also identify problem areas with other materials, such as training.
New York State Examinations can be very intimidating, especially for smaller companies, because the NY DFS makes no distinction between small brokers and large lenders: all are expected to have a complete set of operating procedures and policies.
While a complete set of operating policies may seem like overkill for the small mortgage broker, there is a minimum set of procedures that you will want to have in place. We have packaged them especially for the small broker right here.
Audit Package Service
To facilitate the broker's examination process, we will assemble all required policies and procedures in the order and format requested by the state and provide you with a "ready to submit" package of information for your regulator.
Obviously, you will still have to assemble all the material related to the examination of your loan files and your physical operations.
Our service is covered by our guarantee.
Application Review and Packaging
Similarly, the application process will require some of the same documentation. It's a "Goldilocks Process." The critical mistake to avoid involves ensuring you send ENOUGH documentation to be substantive, but not TOO much to get tagged for superfluous submissions.
Here are some sample requirements that we help with:
Add State Mortgage Company Audit or Mortgage Company License Exam Preparation Service to your Manual Purchase
Purchase State Examination Preparation Service
- Additional Training and Audits which may be required
- Base cost of audit does not include additions which may be required
- Additional policies and procedures which may be required
- The cost of audit prep varies based on the extent to which a particular regulator tends to criticize policies and procedures
- If we are aware of an adversarial relationship with a regulator, more work will be required to address a regulator's concerns
