Canarie AI

Exam Preparation

CRA Exam Preparation for Mortgage Lenders

Community Reinvestment Act examinations evaluate your institution's record of meeting community credit needs. Canarie helps you maintain evidence of CRA activities, from lending in assessment areas to community development investments to service delivery. Specifically tailored for the unique examination requirements facing mortgage lenders.

More for Mortgage Lenders

Mortgage Lenders Exam Preparation Challenges

Complex disclosure requirements
Fair lending scrutiny
Servicing compliance
Multi-state licensing
CFPB examination readiness

Examining Agencies

FDICOCCFederal Reserve

Exam Frequency

Every 2-5 years depending on asset size and rating

Preparation Steps for Mortgage Lenders

1
Update assessment area analysis
2
Compile lending data by geography
3
Document community development activities
4
Gather service delivery evidence
5
Prepare response to community needs assessment
6
Compile innovative and flexible lending documentation
7
Document community partnerships

Evidence Examiners Expect

Assessment area delineation
Lending distribution analysis
Community development loan documentation
Investment and grant records
Service delivery documentation
Community contact feedback
Board CRA oversight evidence

Related Compliance Areas for Mortgage Lenders

TILA-RESPA complianceFair lendingServicing requirementsState-specific requirementsQM/ATR compliance

Frequently Asked Questions

Transform CRA Exam Preparation for Your Mortgage Lender

See how mortgage lenders prepare for examinations in days, not weeks.