Mortgage Compliance Checklist

I. Compliance Program Overview

Company Commitment:	Clearly state [YOUR COMPANY NAME]'s commitment to mortgage compliance.
Responsible Party:	[YOUR NAME], [YOUR DEPARTMENT]
Date of Last Review:	[DATE]
Next Scheduled Review:	[DATE]

II. Regulatory Compliance

Ensure compliance with applicable mortgage lending laws and regulations, such as RESPA, TILA, and Dodd-Frank.
Implement policies and procedures to adhere to regulatory requirements for loan origination, processing, and servicing.
Stay updated on changes in mortgage laws and regulations and adjust practices accordingly.

III. Loan Disclosures

Provide borrowers with all required loan disclosures, including Loan Estimate (LE) and Closing Disclosure (CD) forms, in accordance with TILA-RESPA Integrated Disclosure (TRID) rules.
Ensure accuracy and completeness of loan disclosures, including loan terms, fees, and closing costs.
Obtain borrower acknowledgment of receipt of loan disclosures and maintain records for auditing purposes.

IV. Fair Lending Compliance

Implement fair lending policies to prevent discrimination in mortgage lending based on race, ethnicity, gender, or other protected characteristics.
Monitor loan underwriting and pricing practices to ensure fair treatment of all borrowers.
Conduct regular fair lending risk assessments and address any identified disparities promptly.

V. Anti-Predatory Lending Practices

Prohibit predatory lending practices such as steering, loan flipping, and equity stripping.
Verify borrowers' ability to repay loans and avoid making loans with risky features, such as balloon payments or negative amortization.
Provide counseling and education to borrowers to help them make informed decisions about mortgage loans.

VI. Escrow Account Management

Follow RESPA rules for managing escrow accounts and timely disbursement of funds for taxes, insurance, etc.
Provide borrowers with annual escrow account statements detailing transactions and balances.
Notify borrowers in advance of any changes to escrow account requirements or payments.

VII. Mortgage Servicing Compliance

Adhere to mortgage servicing rules outlined in Regulation X (RESPA) and Regulation Z (TILA).
Give borrowers timely, precise periodic statements with payment breakdown, transaction activity, and escrow account balances.
Respond promptly to borrower inquiries and complaints and provide assistance with loss mitigation options when necessary.

VIII. Compliance Monitoring and Auditing

Conduct regular internal audits and reviews of mortgage lending and servicing practices to ensure compliance with laws and regulations.
Document audit findings and corrective actions taken to address compliance deficiencies.
Engage external compliance consultants or legal counsel for independent audits and assessments as needed.

IX. Employee Training

Provide comprehensive training to employees involved in mortgage lending and servicing on applicable laws, regulations, and company policies.
Offer periodic refresher training sessions to reinforce key concepts and updates.
Encourage employees to report any potential compliance concerns or violations promptly.

X. Signature

I, [YOUR NAME], hereby acknowledge that I have reviewed and understand the contents of this Mortgage Compliance Checklist. I am committed to upholding the standards outlined herein and ensuring compliance with applicable mortgage lending laws and regulations at [YOUR COMPANY NAME].

[YOUR NAME]
Compliance Officer
[YOUR COMPANY NAME]
[YOUR COMPANY ADDRESS]

Date: