Exam Preparation
Mortgage Servicing Exam Preparation for Credit Unions
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 credit unions.
Credit Unions Exam Preparation Challenges
Limited compliance resources
Volunteer board oversight requirements
NCUA examination preparation
Member data protection
Balancing service and compliance
Examining Agencies
CFPBOCCFDICState regulators
Exam Frequency
Every 12-24 months
Preparation Steps for Credit Unions
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 Credit Unions
NCUA safety and soundnessBSA/AMLConsumer complianceFair lendingPrivacy and data security
Frequently Asked Questions
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Transform Mortgage Servicing Exam Preparation for Your Credit Union
See how credit unions prepare for examinations in days, not weeks.