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#1614975 - 10/12/11 08:19 PM Mortgage Hedging Audit
HMS Pippii Offline
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HMS Pippii
Joined: Apr 2003
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snorkeling in warm, clear wate...
We just started mandatory delivery and hedging in our secondary mortgage division. I've got an audit program that I've put together based on what I know and we're outsourcing at least the first audit to an audit firm that knows the subject. Does anyone have an internal audit program for the hedging function that they'd be willing to share?

Thanks in advance!
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Audit
#1618309 - 10/20/11 06:46 PM Re: Mortgage Hedging Audit HMS Pippii
HMS Pippii Offline
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HMS Pippii
Joined: Apr 2003
Posts: 1,636
snorkeling in warm, clear wate...
Bump.
Anyone?
Buehler?
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#1618535 - 10/21/11 01:46 PM Re: Mortgage Hedging Audit HMS Pippii
Rocky P Online
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Joined: Jun 2003
Posts: 7,239
Florida
The OCC has a Mortgage Banking Booklet which has examination and review procedures. It is at
http://www.occ.gov/publications/publications-by-type/comptrollers-handbook/mortgage.pdf
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#1619973 - 10/25/11 10:19 PM Re: Mortgage Hedging Audit Rocky P
DerrickAuditor Offline
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Joined: Mar 2008
Posts: 91
USA
This is the resource we use for our mortgage banking audits too. Even though we are not an OCC bank, this is a great guide (but getting a bit dated).

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#1620388 - 10/26/11 06:06 PM Re: Mortgage Hedging Audit DerrickAuditor
HMS Pippii Offline
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HMS Pippii
Joined: Apr 2003
Posts: 1,636
snorkeling in warm, clear wate...
Thanks. I'll take a look at it.
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