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Mortgage QC Audit Self-Revisions Now Available with QLink
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Why A Secure Compliance Partner Is Essential

With all the cyber-attacks and security breaches in companies, in the US government, even in cars, security should be the top priority for all companies and their mortgage quality control compliance partners. In today’s world it is not enough to just depend on SFTP for secure mortgage document submissions. The only defense you have from…

Solutions

New MERS Penalties for Mortgage Registration & Transfers

While many mortgage loan originators are focused on upcoming TRID rules that go into effect in October 2015, many are unaware of important changes to the Mortgage Electronic Registration System (MERS) rules of membership that include penalties for not adhering to their mortgage registration and transfer requirements. Registration & Transfer Requirements As has been the…

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Ginnie Mae Launches Operational Performance Profile (IOPP)

Ginnie Mae has now launched the new Issuer Operational Performance Profile (IOPP) tool. The new tool provides issuers with a framework and methodology that can be used to gauge their effectiveness against Ginnie Mae’s expectations for for Issuer performance. The IOPP “scorecard” will provide a method to measure an Issuer’s operational performance against peers. “The…

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What You Need to Know: Loan Originator Compensation

The CFPB’s latest version of Loan Originator Compensation rule took effect on January 1, 2014 and although the rule seemed fairly straightforward—citing “no compensation based on loan terms,” lenders are still facing a dilemma today on how they can and cannot appropriately pay their loan officers or brokers on mortgage loan transactions. This article tries…

MetaSource Acquires Mortgage Compliance Advisors
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MERS QC Audit Review

What Is Included in a MERS QC Audit? Our MERS QC Audit includes a loan-level review based on a random sampling of loans from client’s total YTD production volume (# of units) and also looks at the company’s compliance of six main items: Client has in place procedures designed to provide reasonable assurance that is…