After several months working on a large project for FNMA, we are getting back to sending these updates.
AML Self-Audit Checklist
We have issued an article on the use of the. "State Examinations - AML/BSA Compliance - Self-Audit Checklist to Ensure Compliance"
We know that state examiners focus on a number of specific issues. A recent spate of calls reveals that New York, Indiana, Texas and Pennsylvania have questionnaires and examiners that ask pointed questions about the AML/BSA compliance program for mortgage originators. To ensure that you are hitting all of the requirements we have compiled a self-audit checklist for you to use to evaluate and collect data. You should run through this checklist annually.
- See more at: http://www.mortgagenewsdigest.com/2014/10/state-examinations-amlbsa-compliance.html#sthash.dnx2bRYL.dpuf
You can download the checklist at www.mortgagamanuals.com/updatesanddownloads.htm. The most important point I want to make regarding this: IF YOU HEAR OR RECEIVE information requests above and beyond this information, LET US KNOW! We will upgrade and distribute the checklist.
If you have forgotten your page level password, please e-mail me
Speaking of checklists
For the Compliance Officers in the group, please note that I have found a great resource for information and checklists which are absolutely free. Click Here for Docutech's Repository. They are a reliable compliance service provider.
Forthcoming Updates - Stay Tuned
- Annual Operating Audit Checklists
- Massachusetts Information Security Plan Rebuttal
The Loan Estimate Process will come out in February or March 2015, to give you six months to prepare for the combined TIL/RESPA disclosure.
As always, if you have a specific need that you don't see, if you need help with anything or if you just have an idea that will make the system better for everyone, please let me know.
Regards,
Thomas Morgan
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