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Servicing Oversight and Compliance

What does examiner-ready mean in loan servicing?

Every process, report and decision trail is documented to withstand regulatory scrutiny.

Examiner-ready loan servicing means every process, report and decision trail is documented and organized to withstand scrutiny from bank examiners, auditors or regulators, including the OCC, FDIC, NCUA and state regulators. It is not a binder assembled before the exam; it is how the work is done every day.

UCLS builds examiner-ready workflows into every engagement so that banks and credit unions can demonstrate compliant default management at any point in time. That standard is also why First Lien Resolutions is an FDIC-approved investor and asset manager.

Related resource: UCLS

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