MetaSource Mortgage Blog

New Whitepaper: Pre-Fund Mortgage QC Best Practices

Monday, March 07, 2016

New Whitepaper: Post-Close Mortgage QC Best Practices

By now, everyone in the mortgage industry knows about the 10% random, post-close quality control (QC) audit requirements of Fannie Mae, Freddie Mac and the FHA/HUD. See our whitepaper here to learn about post-close audit QC best practices.

However, many mortgage lenders are not familiar with pre-funding QC, which increases the chances of non-compliance penalties being levied upon your organization.

This whitepaper answers the following questions:

  • What are the different requirements between Fannie Mae, Freddie Mac and FHA?
  • How many pre-fund mortgage audits need to be audited and how should they be selected?
  • What are the validation and re-verification requirements?
  • What should be reported and when?
  • How long do you have to conduct pre-fund QC?
  • What should a pre-fund QC audit response and action plan look like?
  • How does pre-fund QC compare with post-close QC?

Whitepaper Highlights

This whitepaper includes everything we've learned having performed thousands of pre-fund mortgage QC audits since 2008, and fall into the following categories:

  • Requirements of Fannie Mae, Freddie Mac and FHA
  • Pre-Funding and QC Auditing Best Practices
  • Additional Things to Know

Download the Pre-Fund Mortgage QC Best Practices whitepaper today

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