Mortgage quality: control performance
Knowing your loan officers and Third Party Originators are performing at or above industry standards is the only way to ensure longevity in mortgage banking. Today, banks and mortgage insurance companies want to continue making mortgage banking a lucrative business by ensuring mortgage quality control programs and procedures are maintained and will go to great lengths to challenge loans by issuing a repurchase claim. Whether you are a lending bank or an independent company who deals with investors like Freddie Mac, VA or HUD programs a mortgage quality control plan could help you. By creating a plan that ensures brokers follow industry rules and regulations, and outsourcing post-closing audits you can ensure than any mistakes made are quickly corrected. You can also address mortgage repurchases through swift quality mortgage repurchase defense.
Create a mortgage quality control plan here
Quality Mortgage Services is a great resource if you are ready to curtail mistakes and mismanagement in your lending business. We opened the business in 1992. Today many of our employees have vast experience working with government and non-government underwriting. We know that mistakes happen, if found quickly they can be corrected. However, repeatedly making the same mistakes becomes a problem. First, we will develop a mortgage quality control plan. This will assist you by giving direction. Next, we will create post closing auditing that includes how to handle repurchase claims with an aggressive repurchase defense. Better assurance with regulatory compliance is possible. Contact us today to find out how we can help you better predict performance from loan officers and Third Party Originators in order to reduce the risks of mortgage repurchases
