If you are looking to make your mortgage more marketable and business more profitable, a strong quality control mechanism has to be an integral part of your mortgage process. We have wide experience in assisting lenders and credit unions establish a quality control program that meets Fannie Mae, Freddie Mac, FHA and other investor guidelines.
With this service we ensure that every regulatory compliance issue is addressed, and you are able to meet the specifications of your quality control plan. Our QC services ensure compliance to:
This service is designed to review a file before it gets submitted to underwriting so that underwriters have all the documents needed to take a credit decision. Our services include:
This QC check is performed before the loan gets funded and ensures there are no outstanding conditions (Underwriting or Closing conditions) on the file. Our services include:
This is the final QC stage where a thorough review of the files is carried out to validate compliance and credit decision. In keeping with Fannie Mae’s post-closing QC requirements, we assist the lender in reviewing at least 10% of the loan it originates. We do QC check to:
An Inline QC process ensures there are no last-minute surprises for the lender as well as the borrower. We review all critical documents as soon as they are received by the lenders and flag issues if any. This process ensures issues are identified and addressed early and helps creates a better customer experience. Our Inline QC scope includes but is not limited to the following types of documents:
We perform these audits to ensure the mortgage file meets all FHA/VA insuring guidelines. Audit results are presented to the lender identifying issues with particular mortgage files and recommendation on how to fix those issues. An early audit helps in completing the Govt. Insuring function timely.