Mortgage Loan Policy
This Mortgage Loan Policy Template addresses consumer mortgage loan products, underwriting, and related lending operations of a bank, credit union, fintech company, or other type of financial institution to provide a foundation of safe and sound credit decisions and adherence to all applicable laws, rules and regulations.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Definitions – Topic 3
- Program Overview – Topic 4
- Risk Management – Topic 5
- Responsibility – Topic 6
- Product Definition – Topic 7
- Loan Production and Operations – Topic 8
- Secondary Marketing – Topic 9
- Mortgage Pricing – Topic 10
- Pipeline and Warehouse Management – Topic 11
- Hedging – Topic 12
- Loan Documentation and Delivery – Topic 13
- Repurchases and Recourse – Topic 14
- Servicing – Topic 15
- Mortgage Servicing Assets – Topic 16
- Accounting Requirements – Topic 17
- Risk Management of Home Equity Lending – Topic 18
- Risk Management of Mortgage Fraud – Topic 19
- Risk Management of Non-Tradition Mortgage Products – Topic 20
- Risk Management of Sub-Prime Mortgage Lending – Topic 21
- Risk Management of Foreclosure – Topic 22
- Audit Policy – Topic 23
- Staff Training – Topic 24
- Retention of Documentation – Topic 25
Recent updates to this product:
Eliminate references to allowance for lease and loan losses (ALLL) which was replaced by current expected credit losses (CECL).
This Mortgage Loan Policy Template (approximately 154 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
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