Looking for a source to guide development of your company's processing department? The AllRegs Mortgage Processing Policy Manual is designed to aid mortgage brokers, lenders, and originators in the development of a highly effective processing operation. In today's lending environment a robust processing policy is integral to establishing effective mortgage operations, successful pipeline management, and maintaining compliance with federal consumer financial laws called for by the CFPB. This document reviews processing functions from file and disclosure preparation, communicating with all parties to the transaction, including service providers, and provides training protocols and best practices to effect process implementation.
Further, this document provides practical guidance for effectively processing mortgage loans. It also serves as a model to brokers/lenders seeking to establish an in-house loan processing function.
The following agencies, federal office, and entities require implementation of this policy manual:
- Consumer Financial Protection Bureau
- Fannie Mae
- Freddie Mac
- Secondary Market Investors
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