May 31, 2012 - 4:50pm
#1
Currently, we have our examiners in. I review the MBL loans from an audit perspective. I do not analyze credit risk as I do not feel capable (trained) as such. The examiner asked if we had Quality Control Procedure that indicates how many loans we are going to look at and what the scope is going to be. The examiners would like me to review these loans from a quality control stand point. Do any of you all have a) MBL's b) required to review the loans c) have a separate quality control. We currently have an Audit Plan that indicates that we are going to be looking at these loans each month. Thanks in advance. [email protected]
