Canarie AI

Exam Preparation

Mortgage Servicing Exam Preparation for BaaS Platforms

Mortgage servicing examinations scrutinize your loss mitigation practices, escrow management, and borrower communications. Canarie helps you maintain evidence of compliant servicing practices throughout the examination cycle. Specifically tailored for the unique examination requirements facing baas platforms.

More for BaaS Platforms

BaaS Platforms Exam Preparation Challenges

Oversight of multiple fintech partners
Demonstrating partner compliance to examiners
Scaling oversight with partner growth
Managing third-party risk at scale
Consistent compliance standards

Examining Agencies

CFPBOCCFDICState regulators

Exam Frequency

Every 12-24 months

Preparation Steps for BaaS Platforms

1
Review loss mitigation procedures
2
Compile escrow analysis documentation
3
Document borrower communication compliance
4
Gather complaint resolution evidence
5
Prepare payment application documentation
6
Document quality control testing results
7
Compile training completion records

Evidence Examiners Expect

Loss mitigation policies and procedures
Escrow account management records
Borrower communication logs
Complaint tracking and resolution
Payment processing documentation
Quality control testing results
Servicing transfer documentation

Related Compliance Areas for BaaS Platforms

Third-party risk managementBSA/AML program oversightConsumer compliance oversightPartner due diligenceRegulatory examination management

Frequently Asked Questions

Transform Mortgage Servicing Exam Preparation for Your BaaS Platform

See how baas platforms prepare for examinations in days, not weeks.