Outsource mortgage audits
Auditing in house can be tough. Employ Quality Mortgage Services as a business partner that is
independent of departments and will work with an unbiased eye to ensure loans are meeting the standards
by performing mortgage audits. With approximately 20 years of business, the
QMS analysts are experienced with government and conventional loan programs. Whether selling directly to
investors or originating FHA loans, have a quality control plans in place to prevent mortgage lending fraud
and the risk of mortgage loan repurchases.
Post Closing: mortgage lender audits
Once a loan is closed upon, many companies will review all of the paper work purely for quality control.
Post closing mortgage lender audits assure the risk quality of
the mortgage loan transactions; by paying attention to the income, assets, deposits, employment, funds,
credit, and collateral details so the QC manager can improve the operation.
Avoid mortgage lending fraud charges and mortgage repurchase claims
Quality control plans that incled mortgage audits are more than extra paperwork for mortgage bankers. Have a QC Plan in place to
discover problems with the loan process and avoid extra work and problems with other banking or lending agencies
especially loan repurchases. QMS is a great resource because QMS can create
quality control plans and can also perform mortgage lender audits, HUD audits and post closing reviews.
Many loan investors like Freddie Mac and Fannie Mae require lenders to provide post closing audit reviews on
10 percent of their closed files. Let QMS take the pressure off by completing post closing reviews,
mortgage industry audits and provide repurchase defense.
Contact us to learn how Quality Mortgage Services can help.