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Mortgage Servicing Policy

$175.00

The purpose of this Mortgage Servicing Policy Template is to supplement and expand upon a bank’s, credit union’s, or other type of financial institution’s Mortgage Loan Policy by complying with all requirements and provisions of the Mortgage Servicing provisions of Regulation X, the Real Estate Settlement Procedures Act (“RESPA” or the “Act”).

Description

Mortgage Servicing Policy

The purpose of this Mortgage Servicing Policy Template is to supplement and expand upon a bank’s, credit union’s, or other type of financial institution’s Mortgage Loan Policy by complying with all requirements and provisions of the Mortgage Servicing provisions of Regulation X, the Real Estate Settlement Procedures Act (“RESPA” or the “Act”).

Table of Contents

  • Purpose and Contents – Topic 1
  • Policy Statement – Topic 2
  • General Disclosure Requirements – Topic 3
  • Mortgage Servicing Transfers – Topic 4
  • Timely Escrow Payments and Treatment of Escrow Account Balances – Topic 5
  • Error Resolution Procedures – Topic 6Requests for Information – Topic 7
  • Force Placed Insurance – Topic 8
  • General Servicing Policies, Procedures and Requirements – Topic 9
  • Early Intervention Requirements for Certain Borrowers – Topic 10
  • Continuity of Contact – Topic 11
  • Loss Mitigation Procedures – Topic 12
  • Audit Policy – Topic 13
  • Staff Training – Topic 14
  • Retention of Documentation – Topic 15

Recent updates to this product:
05/01/18 Update
Deletion of Guidance Prior to 04/19/18 Effective Date

This Mortgage Servicing Policy Template (approximately 32 pages) is available to purchase from BankPolicies.com in Microsoft® Word format for $175.00.

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When updates are made you will receive detailed information regarding why the product was updated and what has changed within the product in our Product Update Notification e-mail correspondence. This enables you to make an informed decision on whether to make any changes to the policy or procedure you implemented for your financial institution from the revised template.

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