Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
OCC approves final rule for AVM quality control standards
The OCC yesterday announced its approval of a final rule to implement quality control standards for automated valuation models used by mortgage originators and secondary market issuers in valuing residential real estate collateral securing mortgage loans.
The rule was reportedly also approved yesterday by the Board of the FDIC. It is to be jointly issued by the OCC, Federal Reserve Board, FDIC, NCUA, CFPB, and the Federal Housing Finance Agency following approval by each of the agencies. It will be effective at the start of the first calendar quarter following the date that is 12 months after the rule is published in the Federal Register
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