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#1999877 - 03/05/15 12:24 PM CFPB Exeam - What can we expect?
OldSchoolBanker Offline
Platinum Poster
Joined: May 2005
Posts: 662
FL
We are scheduled for a CFPB exam later in 2015. HAs anyone experienced first hand, an exam from the CFPB? If so, can you share general info as to what level of detail we can expect them to dig relative to mortgage banking? I understand you cannot discuss any specific details of your exam.

Do they review loan files for ATR/QM, RESPA, TILA etc?

Thanks
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Old School Banker

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Ability to Repay/Qualified Mortgage Rule
#2001711 - 03/13/15 10:08 PM Re: CFPB Exeam - What can we expect? OldSchoolBanker
LisSinToMe Offline
New Poster
Joined: Oct 2014
Posts: 9
Don't know if you still are needing an answer but the CFPB issued a "Supervisory Highlights of CFPB Exams" bulletin this morning which discusses the most found violations Winter 2014/2015. No guarantees...but I would lay money on them looking at these things when they do exams in the Spring!

The bulletin is posted on the CFPB website

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#2002266 - 03/18/15 12:30 PM Re: CFPB Exeam - What can we expect? LisSinToMe
OldSchoolBanker Offline
Platinum Poster
Joined: May 2005
Posts: 662
FL
Thanks for the response.
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Old School Banker

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