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Ohio Licensing Application or  Examination Preparation

Ohio Mortgage Lender or Broker Licensing Application or Examination Support

Ohio has specific licensing requirements which are, at once, extremely specific and at the same time immensely general. The best way to analyze the requirements is to parse, line by line, the requirements as outlined on the NMLS Company Licensing Checklist. The single most important element in this process; the company must correctly identify the document and relate it to the explicit request. For example, if the regulator requests a business plan, you must follow their taxonomy to the letter; ​This document should be named [Company Legal Name] RM Business Plan.

Ohio Business Plan Requirement

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When the request asks for a business plan, often our customers confuse this with an actual "SBA Style" business plan, laying out the ways and means of a business, such as this one.  However this is NOT what they want. Instead, answer the questions on a single document that identifies the answers. 
​
Here is an article on this matter
OH Business Plan Sample

Ohio Business Continuity Plan

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A Business Continuity Plan is also known as a "Disaster Recovery Plan." This is part of our Information Security Plan, which makes sense because we rely on technology more than physical presence to operate our business. 

Ohio Company Staffing and Internal Policies

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This requirement is an example of how a complex requirement is oversimplified. 
  1. Internal Audit - is usually the quality control plan, but this refers to an annual quality control review, where all areas of operation are reviewed.  Print the Annual Operating Audit from the Quality Control Plan and name it "Staffing and Internal Policies - Internal Audit Plan 
  2. Schedule of all compliance issues is addressed in the Compliance Module under Compliance Officer Duties where we detail all of the Compliance Managers daily, weekly, monthly, quarterly and annual duties. Print the Schedule of Compliance Manager's Duties to *.pdf and name it "Staffing and Internal Policies - Schedule of all compliance issues"
  3. PATRIOT Act and Bank Secrecy Act Policies apply to Fraud Detection and Reporting in Quality Control.  Print the entire AML policies and procedures and name it "Staffing and Internal Policies - PATRIOT Act-Bank Secrecy Act"
  4. Information Technology is the entire IT Security, Safeguarding and FACTA Red Flags Plan. Print the entire module and name it "Staffing and Internal Policies - Information Technology."
  5. Consumer Complaint Resolution Policies are located in the Compliance Policies and Procedures Module at the end. Print this section and name it "Staffing and Internal Policies - Consumer Inquiries and Grievances."

Best Options for Compliance

Do it yourself option - Purchase the Broker Compliance Package or Lender Compliance Package, depending on your model.
Full Service option - purchase the Audit Preparation Service, which will include extracting and stacking the documents. 
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  • Home
    • Search our site
    • The CFPB and You
    • What Does a QC Plan Do?
    • Choosing the Right One
    • Free Sample Request Form
    • Request Discount Code
    • About Us >
      • About Us
      • FAQs
      • 100% Guarantee
      • Client List
    • Industry Blog
  • Single Policies
    • Single Policies
    • Free Sample Policies >
      • TIL-RESPA Integrated Disclosure (TRID)
      • HPML Appraisal Policy
      • Social Media
      • Ability to Repay
      • SAFE Act Policy
      • E-Sign Policy
      • Loan Originator Comp
      • Complaint Resolution
    • Disaster Recovery/Business Continuity Plan
    • Anti-Money Laundering (AML/BSA/SAR) >
      • Annual AML/BSA Audit
      • Annual AML Training
      • Free AML/BSA SAR Evaluation
    • Fair Lending/Fair Housing
    • Secondary Marketing-Loss Mitigation
    • Appraiser Independence - Appraisal Management
    • Anti-Predatory Lending (UDAAP)
    • Vendor Management
    • Business Plan
    • MERS QA Plan
  • Modules
    • Module System
    • Mortgage Compliance Manual
    • Quality Control Options >
      • Quality Control Options
      • Lender Quality Control Plan >
        • HUD-FHA Quality Control Plan
      • Broker QC Plan
    • Origination/Production Module
    • Processing Module
    • Underwriting/Credit Policy
    • Closing/Funding/Warehouse
    • Mortgage Ops & Employee
    • Information Security - FACTA/Red Flags & ID Theft
    • Wholesale/Third Party Origination
    • Mortgage Servicing Module >
      • Mortgage Servicing
      • Mortgage Sub-Servicing
      • MERS Quality Assurance (QA)
  • Packages
    • Packages
    • Mortgage Banker Package
    • Correspondent Broker Pack
    • Lender Compliance Pack
    • State Examination Packages
    • Broker-Corr Compliance Pack >
      • Broker-Corr Compliance Pack
      • State Audit/Exam Prep
      • Specific Lenders Requirements
    • Supervisory Plan
  • Services
    • Services
    • Training Services >
      • Annual AML Training
      • Fair Lending Training
      • ID Theft Training FACTA
      • Cybersecurity Training GLB Safeguarding
      • Fraud Red Flag and QC Training
      • Privacy Act - GLB Training
      • Advertising Compliance Training
      • New Employee Training
    • My Compliance VP - Manager >
      • My Compliance VP - Manager
      • Document Management Systems >
        • Document Management Systems
        • Access Document Managment
      • Warehouse Lender/Agency Approval
    • Comergence Upload Service
    • State Audit Preparation >
      • New York Lender Broker
      • North Carolina Lender Broker
      • Ohio Mortgage Lender Broker
    • Annual Audit Preparation
    • Updates and Downloads >
      • Updates and Downloads
      • Updates and Downloads (members)
    • Request Review
    • How to: Customization Services >
      • How to: Downloading Documents
      • How to: Customize Your Manual
      • Free "Generic" Customization Offer