12 CFR Part 1024

Mortgage Servicing Compliance Execution

RESPA Servicing Rules / CFPB Servicing Requirements

Mortgage servicing regulations require specific procedures for loss mitigation, escrow, and borrower communications. Canarie helps you execute servicing compliance through automated workflows for all servicing requirements.

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Key Requirements

1
Loss mitigation procedures
2
Escrow account management
3
Periodic statement requirements
4
Error resolution procedures
5
Information request handling
6
Servicing transfer requirements

The Compliance Execution Challenge

Most institutions struggle with recurring Mortgage Servicing Compliance Execution requirements. Policy reviews get missed, attestations are chased manually, and evidence is scattered across systems. When examiners ask for proof, teams scramble to piece together documentation.

The Canarie Execution Layer

Canarie transforms Mortgage Servicing Compliance Execution compliance from periodic scrambles into continuous execution. Recurring tasks are automated, evidence is captured as work is completed, and proof of compliance is always ready for examiners.

Automated Workflows

Recurring compliance tasks are scheduled, assigned, and tracked automatically.

Evidence Capture

Evidence is captured automatically as compliance work is completed. No manual collection.

Audit Trails

Complete audit trails show who did what, when, with immutable records.

Examiner-Ready Export

Export organized evidence packages in formats examiners expect.

Non-Compliance Risks

Actual and statutory damages
Pattern or practice penalties
CFPB enforcement actions
State enforcement

Frequently Asked Questions

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