Tommy's Blog

Yesterday, I spent the entire day with Fannie Mae’s QC Team who is launching the Lender Quality Initiative (LQI).  The QC Team consists of QC Specialists who are out in the field monitoring the approximately 900 Sellers/Servicers.

First of all, I want to thank Fannie Mae for showing great leadership in pulling the top Quality Control Vendors in the country to work in a round table   [more...]

This conference was probably the most successful MBA Conference for Quality Mortgage Services for 2010.  The buzz is repurchase and rebuttal to repurchase claims of loans made approximately 4 years ago.  There are a number of investors concerned with the volume of repurchase claims and in order to reduce their risk of mortgage backed security of pooled loans, they want to insure they have a good   [more...]

This conference was better than what I thought it would be.  I had been to so many mortgage fraud conferences and siminars, I thought it would be a repeat of the same thing I have heard year after year.  I must give credit to those who made this conference a success especially the committees who brought the expert panelist together.  I was excited to see   [more...]

The New Jersey Regional Mortgage Bankers conference was exceptionally good.  Mr. Levy did a great job pulling together the other states and speakers to make this event an informative and productive event.  I went to the event without my notebook.  I had to take notes on a 3”x 5” pad of paper provided by the conference host.  I thought I had lost all my notes   [more...]

Quality Mortgage Services made it a point to attend the Mortgage Bankers Association National Policy Conference 2010 because we felt it was important not only the industry but for America.  The conference had approximately 320 attendees.  I was personally impress with the turn out and the conference all only had standing room for those who came in late.  I was very much inspiredby Senator Bob Corker   [more...]