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:
Information Security/Cyber Security Policy
Business Continuity Plan
Disaster Recovery Plan
Acceptable Use Policy
Cyber Security Insurance Policy
Incident Response Plan
Qualified Individual for Information Security Program
Written Risk Assessment for Information Security Program
Mapping IT Security Components to Plan Sections
