Professional Development Online Self-Paced

CFPB Examinations: Understanding Procedures, Ensuring Compliance

Included with Mortgage HQ Subscription

The professional development course is included with a Mortgage HQ subscription. Learn More

The Consumer Financial Protection Bureau (CFPB) has the authority to conduct examinations of a number of entities participating in the financial industry, including mortgage professionals. In its comprehensive Supervision and Examination Manual, the CFPB presents nearly 1,000 pages of examination procedures - a daunting prospect for a mortgage professional attempting to learn about the process. This course highlights the portion of the Manual dedicated specifically to examinations of mortgage professionals, breaking down those procedures step by step. From the start of the examination process to the final outcome, this course helps students to understand the goals of a CFPB examination, each step involved, and potential results. This professional development online course allows mortgage originators to gain a clearer understanding of what they may expect if they face an examination, and highlights the importance of maintaining day-to-day compliance to ensure positive examination results, a successful and compliant business, and, most importantly, a low level of potential risk to consumers.
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SKU 4306US00360A00

  • 24/7 access to your course online
  • Certificate of completion
  • On the Job Compliance
  • All Mortgage Professionals

What You'll Learn

  • The CFPB and its examination authority
  • The statutory authority for CFPB supervision of nonbanks, such as mortgage bankers and mortgage brokers
  • Key sections of the most recent version of the CFPB’s Supervision and Examination Manual
  • What to expect in the event of a CFPB examination
  • The examination process step by step, and the CFPB’s enforcement authority after examinations

How it Works

This is an online self-paced course that allows you to study the course material independently and at your convenience. Access to a computer with internet access is required. This course is supported on most computing devices, including desktop and laptop computers, tablets and cell phones.

State Requirements

Professional development courses are not required by any state. These courses are designed to help you advance your career, grow your business and make the commitment to lifelong learning.


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