Mortgage Quality Control: Pre-Fund QC Audits

Pre-Fund Audit | Fannie Mae | MCA

Pre-fund file audits have emerged as an important part of the quality control process. While they are now required by Fannie Mae, Freddie Mac, FHA, and many investors, they are also the only proactive audit in the quality control process. When a quality pre-fund QC audit is completed, you have the ability to correct many problems before they become bigger issues. Outsourcing pre-fund QC audits to us is also an opportunity to cut your quality control costs by at least 15% if you conduct them internally today.

Fast Turnaround & Responsive Support

We take great pride in providing our clients a quality pre-fund audit with a quick turnaround time and responsive support to explain findings. We hire seasoned and knowledgeable professionals with years of relevant mortgage experience to perform our pre-fund audits. Our pre-fund audits are structured to give you in-depth feedback and analysis on your adherence to agency guidelines. This allows you to make quick decisions to have errors corrected or to quickly move the file to closing or funding.

Benefits of Outsourcing Pre-Fund QC

Our pre-funding reviews have been designed to help you:

  • Reduce errors
  • Minimize time in warehouse lines
  • Comply with Fannie Mae and Freddie Mac pre-fund requirements
  • Provide an overall risk assessment of the file
  • Detect potential fraud and high cost violations

Individual audit reports are delivered when complete throughout the month. At the end of the month you will have access to a comprehensive monthly pre-funding report that incorporates all the individual audits into one report.

QLink QC Reporting Software

All of your pre-funding data and reports are accessible via our QLink platform. We believe that you need more than a PDF report to fully understand and interact with your QC data. QLink enables you to generate custom reports, instantly share and revise findings, and retrieve all your QC reports. And you can also compare the metrics and findings generated from your pre-fund audits directly with your post close audits.

Post-Close QC, MERS QA & Synergy

Especially when you outsource pre-fund QC along with post-close QC and MERS QA audits to us, the cost of your mortgage quality control is at least 15% less than what it costs to do it all in house, every year. These savings come from the following:

  • The cost of one full-time, in-house auditor
  • Auditor training and keeping up with updates from Fannie Mae, Freddie Mac, FHA, VA, HUD, and the CFPB
  • The need for one manager to provide part-time supervision/oversight

Contact us to learn more about mortgage compliance pre-fund QC audits