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Mortgage Servicing Regulations Survey


The Dodd-Frank Act requires that servicers provide periodic billing statements for residential mortgage loans. The CFPB’s proposed regulations would exempt credit unions servicing fewer than 1,000 mortgages from this requirement, as well as servicers that provide coupon books which provide substantially the same information.

Does your credit union underwrite more than 1,000 mortgages a year?




Does your credit union contract with a company to service your loans?







Is 1,000 mortgages an appropriate exemption threshold?