What is a QC plan for a mortgage broker?
Includes Anti Money Laundering and SAR Reporting. For Non-delegated/Non-Closing Correspondents (Mini-Corr) This product offers substantial savings over our standard products designed for banks and lenders.
What is quality control for a lender?
Lenders originating loans for secondary market sale are required to conduct quality control (QC) reviews on their loan packages. Quality control is an independent re-underwrite of a loan file and verification that the loan complies with both regulatory requirements and investor guidelines.
What is QC review in mortgage?
Our quality control (“QC”) program meets the requirements of all secondary market investors including Fannie Mae, FHA, and HUD. The reviews include credit, appraisal, underwriting, as well as closing and other legal documents.
What is a QC Audit mortgage?
Mortgage QC audit services are services that mortgage lenders and brokers have to seek to determine how compliant their operations are with regulatory guidelines. Lenders ensure quality control standards are met using these critical audit services.