Mortgage Loan Origination Compliance Checklist
This comprehensive mortgage loan origination compliance checklist ensures regulatory compliance with CFPB, HUD, FFIEC, FRB, OCC. Loan origination compliance review for mortgage lenders covering TRID disclosure timing, HMDA data collection, fair lending, RESPA servicing, and CFPB ATR/QM requirements per Dodd-Frank, RESPA, TILA, ECOA, and FHA/VA program requirements. Mortgage compliance violations result in significant CFPB enforcement actions and class action exposure. Complete all sections to ma
- Industry: Financial Services
- Frequency: Monthly / Quarterly
- Estimated Time: 45 minutes
- Role: Compliance Officer / Branch Manager
- Total Items: 18
- Compliance: CFPB, HUD, FFIEC, FRB, OCC
TRID Disclosure Timing and Content
Verify TRID compliance per CFPB TILA-RESPA Integrated Disclosure rule.
- Is Loan Estimate delivered within 3 business days of application receipt per 12 CFR 1026.19(e)?
- Do Loan Estimate charges fall within applicable tolerance limits at Closing Disclosure comparison?
- Is Closing Disclosure received by borrower at least 3 business days before consummation per 12 CFR 1026.19(f)?
- Are changed circumstances documented to support any fee increases above original Loan Estimate?
- Is Ability-to-Repay (ATR) analysis documented per CFPB 12 CFR 1026.43(c) for all covered transactions?
Fair Lending and ECOA Compliance
Verify fair lending compliance per ECOA and HMDA.
- Are HMDA demographic data fields (race, sex, ethnicity, age) collected at pre-application per 12 CFR 1003.4?
- Are written denial notices sent within 30 days with specific adverse action reasons per ECOA 12 CFR 1002.9?
- Is comparative file review or regression analysis conducted to detect unexplained pricing disparities by race or sex?
- Does bank's CRA performance show adequate lending in low-to-moderate income areas per CRA assessment area?
- Has geographic loan distribution been reviewed for potential redlining patterns?
RESPA and Servicing Compliance
Verify RESPA compliance per HUD RESPA Rule.
- Are all settlement service referrals free of undisclosed kickbacks or fee-sharing per RESPA Section 8?
- Are escrow account calculations within RESPA maximum escrow limit of 2 months cushion?
- Are annual escrow analyses conducted and statements sent per RESPA 12 CFR 1024.17?
- Are borrower Qualified Written Requests (QWR) acknowledged within 5 business days and responded within 30 days?
Licensing and Registration
Verify NMLS licensing currency.
- Are all loan originators NMLS-licensed in required states with current annual renewal?
- Have all MLOs completed 8 hours annual NMLS continuing education including state-specific requirements?
- Have required background checks been conducted on all new MLOs per SAFE Act requirements?
- Do all loan documents identify the licensed entity and individual MLO with NMLS unique identifier?
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Why Use This Mortgage Loan Origination Compliance Checklist?
This mortgage loan origination compliance checklist helps financial services teams maintain compliance and operational excellence. Designed for compliance officer / branch manager professionals, this checklist covers 18 critical inspection points across 4 sections. Recommended frequency: monthly / quarterly.
Ensures compliance with CFPB, HUD, FFIEC, FRB, OCC, HMDA, ECOA. Regulatory-aligned for audit readiness and inspection documentation.
Frequently Asked Questions
What is a Mortgage Loan Origination Compliance Checklist?
A Mortgage Loan Origination Compliance Checklist is a standardized inspection form used by compliance officer / branch manager to ensure consistent financial services operations. It contains 27 inspection points organized into 4 sections. FREE mortgage loan origination compliance checklist PDF. Loan origination compliance review for mortgage lenders covering TRID disclosure timing, HMDA data collection, fair lending, RESPA servicing, and CFPB ATR/QM requirements per Dodd-Frank, RESPA, TILA, ECOA, and FHA/VA program requirements. Compliant with CFPB, HUD, FFIEC, FRB. Download FREE digital template for financial services & banking operations compliance now.
How often should I use this financial services checklist?
This checklist is designed to be completed monthly / quarterly. Regular use ensures compliance with CFPB and HUD and helps identify issues before they become problems.
Can I download this Mortgage Loan Origination Compliance Checklist as a PDF?
Yes, you can download this checklist as a FREE PDF for printing or offline use. The checklist includes 27 fields across 4 sections and typically takes 45 minutes to complete.
What compliance standards does this checklist cover?
This checklist helps ensure compliance with CFPB, HUD, FFIEC, FRB, OCC, HMDA, ECOA. Following these standards protects your organization and ensures best practices.
How do I complete this financial services inspection checklist?
Begin by completing the header fields for Institution/Branch Name, Review Date, Reviewer/Compliance Officer, Review Period, and Charter/Registration Number. Work through each of the 4 sections, marking items Yes or No as applicable. Finally, complete the footer fields and add your signature. The entire process takes approximately 45 minutes.
What are the key sections in this financial services checklist?
This financial services checklist is organized into 4 key sections: TRID Disclosure Timing and Content, Fair Lending and ECOA Compliance, RESPA and Servicing Compliance, Licensing and Registration. Each section contains specific inspection points that compliance officer / branch manager must verify. The structured layout ensures nothing is missed during financial services inspections and makes the process efficient, typically taking 45 minutes to complete.
Who should use this Mortgage Loan Origination Compliance Checklist?
This checklist is primarily designed for compliance officer / branch manager working in financial services operations. However, it is also valuable for quality assurance teams, safety officers, compliance managers, and supervisors who need to verify that financial services standards are being met. Organizations of all sizes can benefit from using this Mortgage Loan Origination Compliance Checklist to maintain consistency and accountability.