Maryland License Audit Examination Preparation
The Maryland examination is a double challenge for many new companies because it combines an extensive examination with the sometimes cumbersome State Examination System (SES) platform of the Conference of State Banking Supervisors (CSBS). The SES system may require support to start with, but the Maryland Examination is quite extensive. This is compounded by the fact that Maryland does not distinguish its licenses between mortgage brokers and lenders, so brokers have to investigate each item thoroughly to ensure it does not apply to them. We help with the MD Exam by providing the underlying documentation and working with you to navigate the SES system.
Maryland Documentation Request
Creating a rubric for an SES examination in MD is a little challenging because the numbers of questions constantly change, depending on the examination and how it's entered. However, after five years of completing SES reviews, we have compiled this handy checklist to help locate the requested document.
Training and Audits
The examiners want policies and procedures, but also to ensure that internal audits and training have taken place. Our Anti-Money Laundering (AML) and Cyber Security/Red Flag Audits and Training can help with this process. Furthermore, you will be 90% through the exam, and they will ask what is essentially a "Give me everything, but include at least these" question. Here is the exhibit that matches this.
