Examiners expect all financial institutions to conduct and document a comprehensive, ongoing, institution-wide risk assessment. The Risk Assessment evaluates and rates inherent risk, the quality of controls and residual risk. Benchmarks are provided for each rating for each factor. The Regulation Z High-Cost Mortgage Pre-Loan Counseling Risk Assessment provides a framework upon which the risk and mitigating factors related to pre-loan counseling for high-cost mortgage loans are evaluated. The risk assessment takes into consideration circumstances and controls in place at your institution and helps identify areas where greater controls are needed. Use this in conjunction with the Regulation Z High-Cost Mortgage Risk Assessment to ensure all applicable risk is evaluated.