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DERIVATION TABLE AND REDLINE DRAFT MORTGAGE REGULATION RULE REVIEW (JUNE 2024) TITLE 7 BANKING AND SECURITIES PART 4 DEPARTMENT OF SAVINGS AND MORTGAGE LENDING CHAPTER 57 MORTGAGE BANKERS NEW OLD
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What is derivation table and redline?
Derivation table and redline is a document that shows the changes made to a product or process during the derivation phase.
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The manufacturer or developer of the product or process is required to file derivation table and redline.
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Derivation table and redline should be filled out by documenting each change made to the product or process and noting the reasons for the change.
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The purpose of derivation table and redline is to provide transparency and documentation of changes made during the derivation phase.
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The derivation table and redline must report each change made to the product or process, including details such as the date of the change, the reason for the change, and any impact on safety or efficacy.
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