Mortgage Compliance Checklist
Interactive compliance checklist covering TRID, RESPA, ECOA, HMDA, and loan-type-specific requirements. Track your progress across every phase of loan origination.
Select Loan Type
Overall Progress
0%
Pre-Application
0/4ECOA Notice of Right to Copy of Appraisal
ECOA / Regulation B, 12 CFR 1002.14
HMDA Data Collection (demographics)
HMDA / Regulation C, 12 CFR 1003
Fair Lending / Equal Credit Opportunity Notice
ECOA / Fair Housing Act, 42 USC 3601-3619
Privacy Notice (Gramm-Leach-Bliley)
GLBA, 15 USC 6801-6809
Application
0/4Loan Estimate within 3 Business Days
TILA-RESPA / Regulation Z, 12 CFR 1026.19(e)
Intent to Proceed (before collecting fees)
TILA-RESPA / Regulation Z, 12 CFR 1026.19(e)(2)(i)(A)
Servicing Disclosure Statement
RESPA / Regulation X, 12 CFR 1024.33(a)
Affiliated Business Arrangement Disclosure
RESPA Section 8(c)(4), 12 USC 2607
Processing
0/6Appraisal Copy Delivered (3 days before closing)
ECOA / Regulation B, 12 CFR 1002.14(a)(1)
Flood Zone Determination & Notice
NFIRA, 42 USC 4012a
Title Commitment / Preliminary Title Report
RESPA / Regulation X, 12 CFR 1024
Homeowners Insurance Verification
Lender requirement
Private Mortgage Insurance Disclosure
HPA, 12 USC 4901
Revised Loan Estimate (if valid changed circumstance)
TILA-RESPA / Regulation Z, 12 CFR 1026.19(e)(4)
Closing
0/4Closing Disclosure (3 business days before closing)
TILA-RESPA / Regulation Z, 12 CFR 1026.19(f)(1)(ii)
Right of Rescission Notice (refinance only)
TILA / Regulation Z, 12 CFR 1026.23
Closing Disclosure Tolerance Check (vs. LE)
TILA-RESPA / Regulation Z, 12 CFR 1026.19(e)(3)
Initial Escrow Account Statement
RESPA / Regulation X, 12 CFR 1024.17
Post-Closing
0/4HMDA Annual Reporting (LAR submission)
HMDA / Regulation C, 12 CFR 1003
Post-Closing QC Review (10% sample)
Agency guidelines (Fannie/Freddie/FHA/VA)
Servicing Transfer Notice (15 days)
RESPA / Regulation X, 12 CFR 1024.33(b)
Annual Escrow Account Analysis
RESPA / Regulation X, 12 CFR 1024.17(c)(2)
Mortgage Compliance Essentials
Mortgage compliance is not optional — it is the foundation of responsible lending. Federal regulations like TRID, RESPA, TILA, ECOA, and HMDA create a framework that protects borrowers and ensures fair, transparent lending practices. Every mortgage loan originator must understand these requirements to avoid costly penalties and protect their license.
TRID Timeline
The TILA-RESPA Integrated Disclosure (TRID) rule establishes critical timelines that MLOs must follow. The Loan Estimate must be delivered within 3 business days of receiving a loan application. The Closing Disclosure must be received by the borrower at least 3 business days before closing. Tolerance limits restrict how much fees can increase between the LE and CD. Violating these timelines can result in significant financial penalties and regulatory action.
Fair Lending & ECOA
The Equal Credit Opportunity Act (ECOA) and Fair Housing Act prohibit discrimination in mortgage lending based on race, color, religion, national origin, sex, marital status, age, or receipt of public assistance. MLOs must ensure that all applicants receive equal treatment throughout the lending process. HMDA data collection helps regulators monitor lending patterns and identify potential fair lending violations across institutions.
Building a Compliance Culture
The best loan originators view compliance not as a burden but as a competitive advantage. A strong compliance record builds trust with borrowers, protects your license, and reduces operational risk for your employer. Use this checklist as a starting point, but invest in ongoing education about regulatory changes. The mortgage industry is heavily regulated, and rules can change with each new rulemaking cycle from the CFPB, HUD, VA, and USDA. Staying ahead of these changes is essential for long-term success in mortgage origination.
Frequently Asked Questions
What is TRID and why does it matter for mortgage compliance?
What documents must be in every mortgage loan file?
What is the 3-day rule for Closing Disclosure?
What HMDA data must mortgage lenders collect?
What are the penalties for mortgage compliance violations?
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Master Compliance for the MLO Exam
Federal laws and compliance make up 23% of the NMLS exam. Practice with hundreds of regulation-specific questions and AI-powered explanations.