MetaSource Mortgage Blog

Top 15 Mortgage QC Findings for 2016

Thursday, January 12, 2017

Mortgage QC: Top 15 Findings for 2016

With 2016 in the books, here is a look back on the top 15 mortgage quality control issues based on thousands of post-close QC audits that we performed over the past year.

All but three are compliance and TRID related. While we did see a slowdown in TRID findings as the year progressed it does illustrate the impact these regulations have had on the industry.

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MetaSource to Exhibit at the MBA Independent Bankers Conference 2017

Thursday, January 05, 2017

MetaSource to Exhibit at the MBA Independent Bankers Conference 2017

MetaSource Mortgage exhibit at MBA's Independent Mortgage Bankers Conference & Expo 2017.

Mortgage QC, MERS & Workflow Automation

Join us in booth #24 to learn about our mortgage loan quality, MERS quality assurance and workflow automation solutions that streamline and ensure quality control in step with the mortgage origination process as well as servicing these loans over their life.

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Mortgage Industry Hungry for Digital

Thursday, December 22, 2016

MetaSource Senior Director of Mortgage Services Ruth Lee recently attended the inaugural SourceMedia Digital Mortgage Conference in San Francisco. The following are her observations on the show and what the industry can take away from the event. 

The mortgage industry is hungry for digital solutions, and attendance at the first ever Digital Mortgage Conference, hosted by SourceMedia, is evidence of that fact. A conference that was expected to only attract around 300 attendees ended up wooing close to a thousand attendees all the way to San Francisco in the midst of the holiday season. To me, this is indicative of two things:

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CFPB: 9 New Rules for Mortgage Servicers

Friday, December 02, 2016

CFPB: 5 New Rules for Mortgage Servicers

The Consumer Financial Protection Bureau (CFPB) recently issued a final rule for mortgage servicers. The intention is to protect struggling borrowers, surviving family members and borrowers in bankruptcy from the threat of a swift foreclosure. The new rule also protects homeowners when their mortgage is transferred to another servicer.

The following is an overview of the 9 new CFPB servicer requirements.

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Why HFAs Outsource Whole Loan Purchase Reviews

Monday, November 21, 2016

Why Housing Finance Agencies Outsource Whole Loan Purchase Reviews

If you're a housing finance agency (HFA) that finances or services loans, are you satisfied with how efficiently mortgages are processed?

Many HFAs struggle to keep up with existing loan volumes especially if they are increasing because they don't have the budget to add staff. This is why many consider outsourcing whole loan purchase reviews and a variety of related document management, compliance quality control (QC) and back-office processes to MetaSource Mortgage. Here's why.

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It's MERS Audit Season: Are You Ready?

Monday, November 07, 2016

Mortgage Electronic Registration System (MERS) Logo

It's that time of year again: time to complete your annual MERS audit, which has to be complete by December 31.

We know that its a low priority for loan servicers throughout the year but, if you want to avoid completing your MERS audit over the holidays, we recommend that you get started now.

And if you have less than 1,000 MINs and don't want to do it yourself, consider our MERS third-party review service.

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Fannie Mae announces Day 1 Certainty Program

Wednesday, November 02, 2016

Guest Blog: Brady Meadows

On October 24th Fannie Mae announced their Day 1 Certainty program. Fannie Mae has integrated DU Validation into their DU system with vendors to validate income, employment, and assets.  Lenders who chose to use the DU Validation service will get day one rep and warrant relief when it comes these validations. 
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MetaSource Partners with ComplianceEase to Provide Automated Compliance Testing

Tuesday, October 18, 2016

MetaSource Partners with ComplianceEase to Provide Automated Compliance Testing

MetaSource, the leading provider of mortgage quality control (QC)compliance advisory and workflow automation solutions, announced it has partnered with ComplianceEase® to provide automated compliance testing for loans submitted to MetaSource for review.

Mortgage Risk Mitigation

MetaSource provides lenders with independent third-party compliance reviews of their loan pipeline to provide feedback on potential issues that may cause issues related to salability in post-closing or be uncovered during a regulatory audit. In particular, when conducting compliance checks during the pre-funding QC process, this review offers lenders significant risk mitigation benefits by addressing loan quality issues prior to funding.

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QReview Pre-Fund QC Mortgage Audit Software Now Available

Tuesday, October 04, 2016

QReview Pre-Fund QC Mortgage Audit Software Now Available

If you choose to perform a portion or all of your pre-fund mortgage quality control (QC) audits in house, QReview is a powerful new tool to use for completing them rapidly, especially if you are using spreadsheets or home grown software to track pre-fund data today.

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MetaSource Mortgage at the National MBA Conference 2016

Saturday, October 01, 2016

MetaSource Mortgage at the National MBA Conference 2016

MetaSource Mortgage will once again exhibit at the annual Mortgage Bankers Association (MBA) national conference and expo at the Hynes Convention Center from October 23-26.

Stop by to see how MetaSource Mortgage can ensure the accuracy, completeness and compliance of your loans, so that you can concentrate on the core of your business. Specifically, you can learn more about our primary services listed below.

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