Risk Management of Home Equity Lending (HELOC/HEL) Policy
This Risk Management of Home Equity Lending (HELOC) Policy ensures a bank, credit union, fintech company, or other type of financial institution maintains sound risk management practices with respect to its home equity lending products and programs, including open end home equity lines of credit (HELOCs) and closed end home equity loans (HELs).
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Consumer Protection – Topic 3
- Product Development and Marketing – Topic 4
- Origination and Underwriting – Topic 5
- Third Party Organizations – Topic 6
- Collateral Valuation Management – Topic 7
- Account Management – Topic 8
- Working With Borrowers – Topic 9
- Portfolio Management – Topic 10
- Operations, Servicing and Collections – Topic 11
- Secondary Market Activities – Topic 12
- Portfolio Classifications, Allowance for Credit Losses, and Capital – Topic 13
- Audit Policy – Topic 14
- Staff Training – Topic 15
- Retention of Documentation – Topic 16
This Risk Management of Home Equity Lending Policy (approximately 22 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
NOTE: The complete contents of this template are also included in the Mortgage Loan Policy.
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