Internal Control Questionnaires and Verification Procedures

Secondary Marketing — Control Systems

1. Are profit and loss records for individual transactions periodically reconciled to general ledger records?

2. Are procedures in place that ensure recourse transactions are accurately reported on the bank’s Report of Condition and Income?

3. Are procedures in place that ensure mortgage pools are certified in a timely manner?

4. Are post-closing documentation tracking systems in place?

5. Are post-closing documents obtained in a timely manner and in accordance with investor requirements?

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