Key Takeaways
- Fair lending compliance carries the highest penalties and requires proactive statistical analysis of lending patterns.
- TRID tolerance management (zero, 10%, unlimited categories) is the most technically demanding compliance area.
- Investor diversification and best-execution analysis are the primary revenue optimization strategies.
- Pre-examination self-assessment is the single most impactful compliance practice for reducing regulatory risk.
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Test Your Knowledge
1.Within how many calendar days of closing must TRID tolerance violations be cured?
2.What is the recommended capital reserve for potential repurchase losses as a percentage of origination volume?
3.By what percentage do pre-examination self-assessments typically reduce examination findings?