What is the primary purpose of conducting examinations by the Commissioner?

The primary purpose of conducting examinations by the Commissioner is to ensure compliance with state law. These examinations are a critical tool for regulatory oversight in the mortgage lending industry. They help verify that licensees are adhering to the legal and regulatory requirements set forth by state laws, protecting consumers and maintaining the integrity of the financial system. This process includes reviewing the practices of mortgage lenders, ensuring that they are not engaging in fraudulent activities, and confirming their adherence to fair lending laws.

While marketing strategies and providing training may be beneficial for companies and individual licensees, they do not fall under the primary responsibilities of the Commissioner. Additionally, collecting fees from applicants is more of an administrative function and does not reflect the broader regulatory goal of compliance and consumer protection that drives the examination process.