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Mortgage origination examination procedures

Updated Dec. 22, 2021

Download mortgage origination examination procedures | PDF

Updated in December 2021 to reflect amendments to the Qualified Mortgage provisions of Regulation Z.


These Mortgage Origination Examination Procedures consist of modules covering the various elements of the mortgage origination process; each module identifies specific matters for review. Examiners will use the Procedures in examinations of mortgage brokers and mortgage lenders. Before using the Procedures, examiners should complete a risk assessment and examination scope memorandum in accordance with general CFPB procedures. Depending on the scope, and in conjunction with the compliance management system review, including consumer complaint review, each examination will cover one or more of the following modules. Module 8 – Examiner Conclusions and Wrap-Up is a required module and must be completed. The modules are as follows: 

  • Module 1 Company Business Model 
  • Module 2 Advertising and Marketing 
  • Module 3 Loan Originators 
  • Module 4 Loan Disclosures and Terms - Closed-End Residential Mortgage Loans 
  • Module 5 Loan Disclosures and Terms - Other Residential Mortgage Loans 
  • Module 6 Appraisals 
  • Module 7 Underwriting 
  • Module 8 Examiner Conclusions and Wrap-Up