MetaSource Mortgage Blog

Who's Auditing Your In-House Mortgage File QC Auditors?

Monday, December 07, 2015

Who's Auditing Your In-House Mortgage File QC Auditors?

Many mortgage originators and servicers conduct their own mortgage file QC audits. Who's auditing these auditors?

With continuously changing post-close, pre-fund, servicing, and MERS changes from Fannie Mae, Freddie Mac, FHA, HUD, and the CFPB, it's increasingly important to ensure your audit team is up to speed on all mortgage QC requirements and self-auditing your mortgage files properly.

Avoiding the Deutsche Bank Scenario

Deutsche Bank and their subsidiary MortgageIT settled federal fraud charges for $202 million as a result of repeated false certifications made to HUD in connection with the residential mortgage origination and sponsorship practices of MortgageIT. At the time of the lawsuit, the FHA had paid insurance claims on more than 3,100 mortgages, totaling $386 million, for mortgages endorsed by MortgageIT.

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Wells Fargo fined $5 million in record maternity discrimination settlement

Friday, October 10, 2014
The National Mortgage News has reported that Wells Fargo was fined $5 million in record maternity discrimination settlement by the Department of Housing and Urban Development (HUD). For more information click here.   text

MCA Monthly Compliance Update June 2014

Thursday, July 17, 2014

Welcome to the MetaSource Mortgage Compliance Advisor monthly compliance update. To help you stay compliant and up-to-date, our newsletters contain mortgage compliance tips and updates. We hope that you find the content informative and useful. As always, your feedback is appreciated.  text


MCA Monthly Compliance Update May 2014

Tuesday, May 13, 2014

Welcome to the MetaSource Mortgage Monthly Compliance Update. To help you stay compliant and up-to-date, our newsletters contain mortgage compliance tips and updates. We hope that you find the content informative and useful. As always, your feedback is appreciated.

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MCA Monthly Compliance Update March 2014

Monday, March 10, 2014

Welcome to the our monthly compliance update. To help you stay compliant and up-to-date, our newsletters contain mortgage compliance tips and updates. We hope that you find the content informative and useful. As always, your feedback is appreciated.  text


MCA Monthly Compliance Update February 2014

Tuesday, February 11, 2014

Welcome to our monthly mortgage compliance quality control (QC) update. To help you stay compliant and up-to-date, our newsletters contain mortgage compliance tips and updates. We hope that you find the content informative and useful. As always, your feedback is appreciated.  text


Mortgage Compliance QC Update: January 2014

Monday, January 20, 2014

Welcome to our monthly mortgage compliance quality control update. To help you stay compliant and up-to-date, our newsletters contain mortgage compliance tips and updates. We hope that you find the content informative and useful. As always, your feedback is appreciated.  text


Mortgage Compliance QC Update: November 2013

Wednesday, November 13, 2013

Welcome to the our monthly mortgage compliance QC update. To help you stay compliant and up-to-date, our newsletters contain mortgage compliance tips and updates. We hope that you find the content informative and useful. As always, your feedback is appreciated.  text


MCA Monthly Compliance Update – May 2013

Sunday, May 19, 2013

Welcome to the MetaSource Mortgage Monthly Compliance Update. To help you stay compliant and up-to-date, our newsletters contain mortgage compliance tips and updates. We hope that you find the content informative and useful. As always, your feedback is appreciated.  text


MCA Monthly Compliance Update – September 2012

Friday, September 21, 2012

Welcome to our monthly mortgage compliance quality control (QC) update. To help you stay compliant and up-to-date, our newsletters contain mortgage compliance tips and updates. We hope that you find the content informative and useful. As always, your feedback is appreciated.  text


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