12 CFR Part 1024

Mortgage Servicing Compliance Execution for Credit Unions

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. Specifically tailored for the compliance requirements of credit unions.

More for Credit Unions

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

Credit Unions Compliance Challenges

Limited compliance resources
Volunteer board oversight requirements
NCUA examination preparation
Member data protection
Balancing service and compliance

How Canarie Helps Credit Unions

Automated Workflows

Recurring Mortgage Servicing Compliance Execution tasks are scheduled, assigned, and tracked automatically.

Evidence Capture

Evidence is captured automatically as compliance work is completed.

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

Automate Mortgage Servicing Compliance Execution for Your Credit Union

See how credit unions execute compliance with confidence.