December 13, 2011 - 10:11am
#1
Our SC currently reviews all new loan files, with the exception of commercial, share secured or any loan under $5000. They use a checklist to guide them looking for signed documents, credit reports, LTV etc. But soon we will be moving to imaging software which means there won't be a hard file to look at. We are considering setting up workstations that the SC would use to view the files and also only reviewing a sample of new loans. So I am wondering how others handle their loan reviews. Does your SC review a randon sample, are you imaging your documents, what does your audit checklist look like? Thanks, [email protected]
