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What if my company discovered that errors were made in its Data Call filing sent to Paragon? Should we resubmit prior to the audit or should we correct the audit file?

April 26, 2017audit COMPANY Data errors filing Paragon prior resubmit sent

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What if my company discovered that errors were made in its Data Call filing sent to Paragon? Should we resubmit prior to the audit or should we correct the audit file?

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Not unless directed by the FSBA. The audit file should always match the original Data Call filing sent to Paragon. After discovering the errors, contact the FSBA for further assistance on how to proceed. Q: The Advance Preparation Instructions from the FSBA require that personnel be available for responding to questions on the completed operations questionnaire and the underwriting and rating manual. Will these individuals be needed the entire audit? A: The auditor can let your company know when individuals will be needed and for how long.