The mortgage industry is a top priority of the Consumer Financial Protection Bureau. Comments from Director Richard Cordray and others signal that the CFPB’s examination process is already in full swing—and that it is making efforts to increase its examination capacity even further.

When the CFPB examines your institution—most likely with your home state regulator and perhaps others in tow—it will take a comprehensive look at your operations, your policies and procedures, any results of examinations by other regulators, your complaint history, and how you have responded to those complaints to assess your commitment to consumer compliance.

Use our CFPB Exam Checklist to see if your institution is ready for an examination.