Work smarter with an mortgage compliance company
If you want mortgage auditor staff to get more done, with fewer
mistakes you need a quality control program in place that creates
oversight for every loan. For many agencies, a mortgage quality control plan
will help you with the mortgage compliance audit review process as well.
These agencies often require that 10 percent of all closed loan files be
reviewed and audited for agency compliance and quality control. If you
already have mortgage QC procedures in place, cut down on the amount of
time wasted with these post closing audits. Quality Mortgage Services
can help develop a sample FHA quality control plan
for approval by your staff that will assist the post funding
underwriting staff from origination to closing. QMS can also
perform third-party mortgage assurance audits and reviews, saving time
because focus other production items.
QMS develops a sample agency quality control plan for agency approval
Reviewing closed loans that were accepted is only the beginning of the
mortgage review process. Mortgage bankers also need to review denied and
withdrawn loan applications and perform mortgage compliance review. This
can be very time consuming unless contracted the work to a third party
mortgage compliance advisors like Quality Mortgage Services. QMS can create
everything from an agency quality control plan
to customized compliance and quality assurance mortgage loan audits.
Another benefit to contracting post closing quality control reviews and
mortgage QC to a company like QMS is that there is less of a chance for
bias to come into the process. QMS wants to help with the quality loan portfolio
and portfolio wellness.. The beginning of this is the mortgage quality control plan.
Contact QMS to find out how to improve mortgage loan quality through
post closing quality control mortgage audits and repurchase claims or rebuttals!
Contact us to learn how Quality Mortgage Services can help.
