MBL Review

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RHettinger444

We are considering options for a new vendor for third party review of MBLs (not all loans, only those that meet certain thresholds or criteria). One of the options for this is CUBG who currently does an MBL audit for us. They have these two functions segregated within their organization and say that they have done it for other CUs and haven't had any pushback from regulators.

Has anyone had a similar situation with CUBG or a different vendor performing both consulting and an audit on MBLs (or otherwise)? Has this arrangement worked for your organization and have you received any criticism from NCUA for it? Any suggestions?