Exam Preparation
Mortgage Servicing Exam Preparation for Community Banks
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 community banks.
Community Banks Exam Preparation Challenges
Lean compliance teams wearing multiple hats
Same regulatory scrutiny as larger banks
Limited budget for compliance technology
Managing multiple examiner relationships
Keeping up with regulatory changes
Examining Agencies
CFPBOCCFDICState regulators
Exam Frequency
Every 12-24 months
Preparation Steps for Community Banks
1
Review loss mitigation procedures2
Compile escrow analysis documentation3
Document borrower communication compliance4
Gather complaint resolution evidence5
Prepare payment application documentation6
Document quality control testing results7
Compile training completion recordsEvidence 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 Community Banks
Safety and soundnessBSA/AMLConsumer complianceFair lendingCRA
Frequently Asked Questions
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Mortgage Servicing Exam Preparation for Other Industries
Transform Mortgage Servicing Exam Preparation for Your Community Bank
See how community banks prepare for examinations in days, not weeks.