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State Regulatory Examination Preparation

State Audit or Licensing Examination Preparation Packages

The "Tough Ten" - Audit Preparation for states with VERY detailed requirements:
​
New York Department of Financial Services
Massachusetts Division of Banks
New Hampshire Banking Department
New - Maryland Division of Financial Regulation
Vermont Department of Financial Regulation
Pennsylvania Department of Banking and Securities
Texas Department of Savings and Mortgage Lending 
Michigan Department of Insurance and Financial Services
Oregon Division of Financial Regulation
Nevada Division of Mortgage Lending
California Department of Financial Protection and Innovation
New - North Carolina Examination Preparation


These state examinations tend to have the highest level of detail request. While much of the information requested is in Q&A format, when it comes to providing company policies and procedures, lenders and brokers often don't have all of the information requested. In addition, providing regulators with a stack of unsorted materials in a hodge-podge of formats can make the examiner's job more difficult. The more time an examiner has to spend looking for information, the more time he or she will be in your office and the more potential findings you encounter.

We assist in compiling documents, drafting cover memos and stacking exhibit requests in a way that leaves the examiner no reason to question your procedures. In this process we can also identify problem areas with other materials, such as training. 

New York State Examinations can be very intimidating, especially for smaller companies, because the NY DFS makes no distinction between the small broker and the large lender: all are expected to have a complete set of operating procedures and policies.  

While a complete set of operating policies may seem like overkill for the small mortgage broker, there are a minimum set of procedures that you will want to have in place.  We have packaged them especially for the small broker right here.

Audit Package Service

In order to help facilitate the broker's examination process, we will assemble all of the required policies and procedures, in the order and format that the state requests, and provide you with a "ready to submit" package of information for your regulator.  

Obviously, you will still have to assemble all of the material relative the examination of your loan files and physical operation. 
​
Our service is covered by our guarantee. 

Application Review and Packaging

Similarly, the application process will require some of the same documentation. It's a "Goldilocks Process." The critical mistake to avoid involves ensuring you send ENOUGH documentation to be substantive, but not TOO much to get tagged for superfluous submissions. 
Here are some sample requirements that we help with:

Add State Audit or License Exam Preparation Service to your Manual Purchase

Broker Audit Prep Add-on
Includes:
Cover Memo
Individual Policies in Named PDFs
Independent Audits
Non-NMLS Training

Sold With Compliance Packages Only - we will not audit prep on others' policies
Price: $500 per state
State (add one state at a time):


    State Audit Preparation Request

    If it is a state regulator, please provide the name. If another prudential regulator, please provide that information in Comments below.
    The date the regulator's letter states you must respond. If the date has passed, please include a copy of the extension correspondence with the regulator letter download
    Max file size: 20MB
    Please upload the letter you received from the regulator.
    Please be sure to include all correspondence.
    Max file size: 20MB
    In addition to the notice of exam, you were given instructions on completing a questionnaire and documents you were to upload. Please provide that document
Request State Examination Preparation Support

Purchase State Examination Preparation Service

  • Additional Training and Audits which may be required
  • Base cost of audit does not include additions which may be required
  • Additional policies and procedures which may be required
  • The cost of audit prep varies based on the extent to which a particular regulator tends to criticize policies and procedures
  • If we are aware of an adversarial relationship with a regulator, more work will be required to address a regulator's concerns
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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
    • Fair Lending/Fair Housing
    • Secondary Marketing-Loss Mitigation
    • Anti-Money Laundering (AML/BSA/SAR) Plan
    • 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/Non-Del QC Plan
    • Information Security - FACTA/Red Flags & ID Theft >
      • IT/Cyber Audit
    • Origination/Production Module
    • Processing Module
    • Underwriting/Credit Policy
    • Closing/Funding/Warehouse
    • Mortgage Ops & Employee
    • Wholesale/Third Party Origination
    • Mortgage Servicing Module >
      • Mortgage Servicing
      • Mortgage Sub-Servicing
      • MERS Quality Assurance (QA)
  • Packages
    • Packages
    • Complete Mortgage Banker Package
    • Complete Correspondent Pack
    • Lender Compliance Pack
    • Broker-Non Del Compliance Pack
    • Processing Company Package
    • Anti-money laundering AML/BSA/SAR package >
      • Annual AML/BSA Audit
      • Annual AML Training
      • Free AML/BSA SAR Evaluation
    • Cyber/IT Security Audit Package
    • Advertising Audit Package
  • Services
    • Services
    • State Audit Prep >
      • State Audit Prep Package >
        • Pennsylvania Exam Preparation
        • Washington State Mortgage Lender Broker
        • New York Lender Broker Audit Prep
        • North Carolina Lender Broker
        • Ohio Mortgage Lender Broker
        • Texas Exam Preparation
      • Annual Audit Preparation
      • State Examination System (SES) Support
      • State Examination Packages >
        • Supervisory Plan
    • Training Services >
      • 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
    • Knowledge Base-FAQ
    • My Compliance VP - Manager >
      • My Compliance VP - Manager
      • Login Compliance Manager
      • Login Document Managment
      • Manage Subscription
    • Updates and Downloads >
      • Updates and Downloads
      • Updates and Downloads (members)
    • Warehouse Lender/Agency Approval >
      • Comergence Upload Service
    • Request Review
    • How to: Customization Services >
      • Customization Services
      • How to: Downloading Documents
      • How to: Customize Your Manual
      • Free "Generic" Customization Offer