Develop a mortgage quality control plan
After loans have been completed, your job as a lender is just beginning. Many lending organizations require reviews of completed transactions. Instead of spreading your resources too thin and requiring agents to spend valuable time processing an FHA quality control plan, consider allowing QMS to create a plan specifically for your business. We can create a mortgage quality control plan to ensure that your company has met all of the regulations from lenders like Fannie Mae, Freddie Mac and HUD programs. Quality Mortgage Services is a qualified third-party mortgage industry audit service protecting your interests.
Track performance with mortgage industry audits
Loan fraud, indemnifications and mortgage repurchase defense are just a few areas that can create extra work for your office. That is why you need quality control plans. FHA, VA and Freddie Mac loans have many rules and regulations that can be missed. With QualityMortgageServices.com on your side, you don't have to worry about performing a mortgage audit or ensuring client mortgage compliance. We take care of that for you by creating personalized mortgage industry audits and on-site reviews, repurchase audits and repurchase rebuttals. With a mortgage quality control plan in place, your employees are free to concentrate on getting the best deals for your customers. Contact us today to develop your plan!
Quality control plans: FHA to Loan Defaults
When you open a loan file, your mission is to get the best deal for your client. Their mission is to keep up with the payments and keep their loan up to date. Sometimes, hardships happen and a client will default on a loan. When that happens you need to have ready quality control plans to address the probability of a repurchase defense. First, QMS will develop a quality control plan for mortgage bankers. Once that plan is in place we will begin an auditing process to protect you from potential repurchase claims and improve the picture for increases in lines of credit in warehouse lending. By hiring a third party, you have an unbiased eye making sure your clients and your employees are performing up to par.