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BRANCHMANAGER/LOANOFFICER DEPARTMENT: REPORT STO: SUPERVISES: LOCATION: CLASSIFICATION: LASTREVISED:Consumer&MortgageBanking VP, DirectorofConsumer&MortgageBanking TellerCoordinator, Tellers CentralMarket:Houghton(RidgecrestPlaza&EconoFoods)andChassell
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Consumer and mortgage banking refers to the services provided by financial institutions to individual consumers for their personal financial needs, such as obtaining a mortgage or personal loan.
Financial institutions such as banks, credit unions, and mortgage lenders are required to file consumer and mortgage banking reports to regulatory agencies.
Consumer and mortgage banking reports are typically filled out electronically and submitted to the appropriate regulatory agencies. The information required to be reported includes details on loans issued, interest rates, and borrower information.
The purpose of consumer and mortgage banking reports is to track and monitor the lending activities of financial institutions to ensure compliance with regulations and to protect consumers from predatory lending practices.
Information that must be reported on consumer and mortgage banking includes loan amounts, interest rates, borrower demographics, delinquency rates, and other relevant financial data.
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