This new automated examination program focuses each examiner's attention on the applicable laws for every type of loan and on numerous financial calculations for each transaction. In the past, fewer laws and less financial information was reviewed due to State Examiner's workloads and limitations. In the future, the MCR Program will be updated periodically as new laws are enacted, and as regulators seek to focus on different areas of compliance.
The MCR Program represents a drastic departure from the previous examination process, and was designed to evaluate a much wider spectrum of laws and regulations. It would be a huge miscalculation to assume that good examination results in the past will ensure good examination results now.
