Internal Control Questionnaires and Verification Procedures

Servicing — Investor Accounting and Reporting

Are procedures and controls in place that ensure that investors receive payments on schedule?
Has management established controls to prevent delinquent loans from being prematurely removed from mortgage pools?
Are adjustable-rate mortgage loan interest adjustments properly performed?
Is a monthly report sent to each applicable investor detailing principal and interest collections from homeowners, delinquency rates, foreclosure actions, property inspections, loan losses, and OREO status?