Auditing Consumer Real Estate Files

Date:

Oct 16, 2024

Live Webinar: 90 Minutes

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.

A consumer real estate loan is governed by what can seem like an overwhelming number of regulatory requirements. TILA, FDPA, ECOA, BSA, and FCRA all require documentary evidence showing that your institution has complied with the applicable regulatory elements.

This session will detail how to pull your sample size for the audit (statistically and intuitively) and explain exactly what to look for. It will review the file documents needed and the important information to verify on each.