Auditing Consumer Real Estate Files

The goal of auditing loan files is to identify errors and initiate corrective action before examiners arrive. There are so many regulatory requirements like TILA, FDPA, ECOA, BSA, and FCRA. This webinar will explain how to maintain compliance, how to determine your sample size, and how to review an application for completeness. Join us to learn how to avoid mistakes when preparing consumer real estate loan documentation.

• Review a consumer real estate application for completeness
• Explain when and if a credit report should ever be reused
• Distinguish whether a loan requires government monitoring information (GMI) to be collected
• Document compliance with BSA, OFAC, and identity theft requirements
• Verify timing and accuracy of disclosures required by ECOA, FDPA, and TILA
• Use provided checklists to verify loan file documentation
• Identify the key regulatory items to watch for when auditing loan files