The Consumer Financial Protection Bureau (CFPB) updated the roadmaps its examiners use when they scrutinize mortgage originators and servicers. The exam manuals, released on Jan. 10, harmonize existing procedures for handling mortgage origination and mortgage servicing examinations with revised interagency procedures that address new mortgage regulations that took effect on Jan. 10.
“The exam procedures for both mortgage origination and mortgage servicing now cover final rules issued by CFPB through November 2013,” the bureau said in an email.
The updated procedures will be incorporated into the CFPB’s Supervision and Examination Manual at a later date, the CFPB said.