Discussions about this document

Portfolio RE TRID LOAN Review - FINAL

Chief Compliance Officer at a bank ($799MUSA)

I finally updated my master mortgage workpaper to include TRID. This audit workpaper includes not only a review of TRID documents, but all other compliance matters. For example: Application, HMDA, BSA, Appraisal Review, Flood, ATR, APR Testing, HMDA, FCRA, etc. It also includes some collateral issues, such as ensuring there is insurance in place and the mortgage was correctly filed. I have found that reviewing a mortgage file as-a-whole is a more effective approach for me (albeit time consuming) so this all-inclusive audit workpaper touches everything I need to review. There are columns to document 10 loans, but can easily be expanded if your sample sizes are larger.