Internal Control Questionnaires and Verification Procedures

Conclusion

1. Does the foregoing information provide an adequate basis for evaluating the loan production activities of the mortgage banking unit? Explain negative answers briefly, and indicate conclusions as to their effect on specific examination procedures.

2. Based on a comprehensive evaluation, as evidenced by answers to the foregoing questions, internal control is considered (good, medium, or bad).

Previous: Retained Interests — Valuation and Amortization Next: Other Assets/Other Liabilities