Subject: Information Technology Report of Examination Members of the Board:
Your bank requested one or more Technology Service Provider Reports of Examination for which you are a client. The requested Report(s) of Examination is(are) enclosed. If a requested Technology Service Provider Report of Examination is not included, the service provider is not examined regularly by the FDIC or FFIEC.
Basis of Evaluation: In evaluating the operations of these servicers, we depended upon the following sources of information:
Re Colleen Jewell-Suiter's post:Interesting. I have never received the "note to be disclosed to the board" you provided.
When I request and receive an IT-ROE from the OCC, the following statement is included in the email:
This ROE remains the property of the OCC and is provided to you as a courtesy and useful tool in your vendor management process. These ROEs are confidential, and you should only share them with officers, employees or those professionals under contract with the bank. Failure to comply with these confidentially rules can subject you and your bank to penalties under Section 641 of Title 18 of the U.S. Code.
Please acknowledge receipt of the attached Report of Examination and notice of the above confidentiality covenants by responding to this email.
Rosalie Stremple, MS-MIS, CTPRP, CBCP
Vice President, Westfield Bank (Ohio)