Mortgage Origination Policies and Procedures and Loan Production Quality Control Plan
Loan Origination, whether through direct loan originations, a retail sales force, or through a branch referral network. This areas represents the greatest risk to the lender in the areas of mortgage loan documentation quality control, loan pricing and regulatory compliance. Using written Loan Origination policies and procedures, this step-by-step guidance keeps loan officers in compliance, provides quality control in the process, and establishes guidelines for compliance with federal laws.
This manual allows the company to define procedures for avoiding fraud, predatory lending and ethics violations. It also acts as a procedural training guide for new mortgage loan originators. For states that require a written supervisory plan for mortgage lenders, this plan meets that requirement.
This manual allows the company to define procedures for avoiding fraud, predatory lending and ethics violations. It also acts as a procedural training guide for new mortgage loan originators. For states that require a written supervisory plan for mortgage lenders, this plan meets that requirement.
Loan Originator Policies and Procedures Includes
- Originator Loan Application Process
- Loan File Set Up Procedures
- Secondary Marketing Policies and Procedures
- Loan Originator Compensation Plans - LO Comp Rule, Anti-Steering
- Mortgage Loan Originator Compensation Agreement
- Loan Originator Business Planning
- SAFE Act Policies
- Mortgage Advertising Process
- Application Quality Control Review
- Marketing Policies and Procedures
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Order Origination Policies and Procedures
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Price $395
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Origination Module is part of the Complete Banker or Correspondent Packs
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