PHH Correspondent Lending

13.4 Anti Money Laundering Program Information

Clients must maintain an Anti-Money Laundering (AML) program which must be in writing and include, at a minimum the following:

Policies, procedures, and internal controls reasonably designed to prevent, detect, and report potential money...

13.4.1 Suspicious Activity Report

Clients are required to comply with the Bank Secrecy Act and are required to file Suspicious Activity Reports (SARs) with FinCEN in accordance with this regulation.

Resources > FAQ > CHAPTER-13-COMPLIANCE-TOPICS > 12-4-1-Suspicious-Activity-Report > 12-4-1-Suspicious-Activity-Report

13.14 TILA RESPA Integrated Disclosures (TRID) Rule

Effective with applications dated on or after October 3, 2015, the Initial TIL and GFE are replaced by the Loan Estimate, and the Final TIL and HUD-1 Settlement Statement are replaced by the Closing Disclosure. Any covered loan submitted to PHH for...

13.14.1 Loan Estimate

The Loan Estimate must be provided to the borrower, or placed in the mail, no later than three business days after receipt of an application. In this context, a business day is a day on which the Client’s offices are open to the public for...

Resources > FAQ > CHAPTER-13-COMPLIANCE-TOPICS > 12-14-1-Loan-Estimate > 12-14-1-Loan-Estimate

13.14.2 Changed Circumstances

A changed circumstance is defined as one of the following:

An extraordinary event beyond the control of any interested party or other unexpected event specific to the borrower or transaction
Information specific to the...

Resources > FAQ > CHAPTER-13-COMPLIANCE-TOPICS > 12-14-1-Loan-Estimate > 12-14-2-Changed-Circumstances

FAQ Search Results

Found 397 Results

13.4 Anti Money Laundering Program Information

13.4.1 Suspicious Activity Report

13.14 TILA RESPA Integrated Disclosures (TRID) Rule

13.14.1 Loan Estimate

13.14.2 Changed Circumstances