Exam Preparation
Third Party Risk Exam Preparation for Mortgage Lenders
Third-party risk examinations evaluate your vendor management program, from due diligence to ongoing monitoring to exit strategies. Canarie helps you maintain evidence of systematic vendor oversight throughout the vendor lifecycle. Specifically tailored for the unique examination requirements facing mortgage lenders.
Mortgage Lenders Exam Preparation Challenges
Complex disclosure requirements
Fair lending scrutiny
Servicing compliance
Multi-state licensing
CFPB examination readiness
Examining Agencies
OCCFDICFederal ReserveCFPB
Exam Frequency
As part of safety and soundness or targeted examination
Preparation Steps for Mortgage Lenders
1
Update vendor risk assessment2
Compile due diligence documentation3
Document ongoing monitoring activities4
Gather contract management evidence5
Prepare incident and issue tracking6
Document board oversight of critical vendors7
Compile exit strategy documentationEvidence Examiners Expect
Vendor risk management policy
Vendor risk assessments and tiering
Due diligence documentation
Ongoing monitoring records
Contract inventory and reviews
Vendor performance metrics
Board reporting on critical vendors
Related Compliance Areas for Mortgage Lenders
TILA-RESPA complianceFair lendingServicing requirementsState-specific requirementsQM/ATR compliance
Frequently Asked Questions
Other Exams for Mortgage Lenders
BSA/AML Exam Preparation
Execute BSA/AML exam preparation with automated evidence capture and workflow management.
Fair Lending Exam Preparation
Demonstrate fair lending compliance with systematic evidence capture and monitoring workflows.
Consumer Compliance Exam Preparation
Prepare for consumer compliance examinations with comprehensive evidence capture across all regulations.
Third Party Risk Exam Preparation for Other Industries
Transform Third Party Risk Exam Preparation for Your Mortgage Lender
See how mortgage lenders prepare for examinations in days, not weeks.