Check rate-lock expiry before it passes
A rate-lock log that shows the expiry date, owner, and the next borrower communication. The rate lock expiry check record keeps this point dated for the next reviewer.
Why this control matters
The rate-lock expiry control begins with a written purpose. Record the lock dates and the next action, then compare the record with that purpose rather than the busiest queue. The rate lock expiry check record keeps this point dated for the next reviewer.
What to check first
Start with one test: compare the log with the loan record. Keep the case that failed because a named mismatch is stronger than a general complaint about pipeline quality. The rate lock expiry check record keeps this point dated for the next reviewer.
Handle the exceptions
Log the exception when you see a lock that expires without a notice. Record why the rule missed it and whether the fix belongs in the source, owner, or checklist. The rate lock expiry check record keeps this point dated for the next reviewer.
Review the evidence
Put the rate-lock expiry review on a short weekly calendar. Read the oldest item, the newest exception, and one corrected file; leave a dated decision for each. The rate lock expiry check record keeps this point dated for the next reviewer.
Sources
- https://www.consumerfinance.gov/
- https://www.fhfa.gov/
- https://www.hud.gov/
- https://www.nist.gov/cyberframework
- https://www.sba.gov/business-guide