Skip to content
GeoDataVision
Thread Options
#1042052 - 09/15/08 03:36 PM Secondary Market Policy
lucyc Offline
Diamond Poster
lucyc
Joined: Jul 2007
Posts: 1,072
Is this a required policy?

Does anyone have a copy that they would be willing to share?

Return to Top
Lending Compliance
#1042281 - 09/15/08 06:02 PM Re: Secondary Market Policy lucyc
lucyc Offline
Diamond Poster
lucyc
Joined: Jul 2007
Posts: 1,072
Bump

Return to Top
#1042345 - 09/15/08 06:31 PM Re: Secondary Market Policy lucyc
David Dickinson Offline
10K Club
David Dickinson
Joined: Nov 2000
Posts: 18,762
Central City, NE
Nope.
_________________________
David Dickinson
http://www.bankerscompliance.com

Return to Top
#1042410 - 09/15/08 07:02 PM Re: Secondary Market Policy David Dickinson
Andy_Z Offline
10K Club
Andy_Z
Joined: Oct 2000
Posts: 27,546
On the Net
Few policies are technically required by law/reg. But that doesn't mean you do or don't need one based on your activity. You certainly shouldn't be cited for not having one. If so, ask for a cite. Otherwise, your need would be based on your activities.
_________________________
AndyZ CRCM
My opinions are not necessarily my employers.
R+R-R=R+R
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell

Return to Top
#1799452 - 03/28/13 08:46 PM Re: Secondary Market Policy lucyc
Sci_Comply Offline
100 Club
Sci_Comply
Joined: Sep 2011
Posts: 189
I am also in need of this. We've been cited for it in our last couple of audits and they mentioned it in our last exam, but I've been unable to find a sample. I dread the thought of having to write one from scratch. frown Please PM me if you'd be willing to share. Thank you!!

Return to Top
#1799509 - 03/29/13 01:18 AM Re: Secondary Market Policy lucyc
Truffle Royale Offline

10K Club
Joined: Jul 2003
Posts: 17,356
How can you be cited in an audit? Do you mean your auditor thought it would be a good idea to have such a policy? Auditors are not examiners. Auditors are advisors who sometimes miss the mark. Did they provide you with a citation mandating this? How about did they provide any input as to what should be in such a policy? Just because an auditor recommends something doesn't mean you can't push back and show that they're ....wait for it....wrong!

Return to Top
#1801629 - 04/04/13 07:55 PM Re: Secondary Market Policy lucyc
Sci_Comply Offline
100 Club
Sci_Comply
Joined: Sep 2011
Posts: 189
We were also cited for it in a visitation by our examiners. They gave no guidance as to what it should contain except "everything that pertains to your secondary market program". Ugg.

Return to Top

Moderator:  Andy_Z