Mortgage licensees must undergo a comprehensive examination to ensure compliance with state regulations and industry standards. This examination evaluates various aspects of a mortgage broker's operations, including financial stability, adherence to legal requirements, and the overall integrity of their business practices. Proper documentation is essential for a smooth and successful examination process.

Specific Focus on IT Security

The South Carolina examiner focuses on IT security elements as part of the examination. These elements are outlined in the 2-9 IT Security Plan available here. Key components include:

1. Information Security/Cyber Security Policy

2. Business Continuity Plan

3. Disaster Recovery Plan

4. Acceptable Use Policy

5. Cyber Security Insurance Policy

6. Incident Response Plan

7. Qualified Individual for Information Security Program

8. Written Risk Assessment for Information Security Program

Mapping IT Security Components to Plan Sections