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Top 15 Mortgage QC Findings for 2018

The top 15 mortgage quality control issues in 2018, as compiled from tens of thousands of post-close QC audits that we performed over the past year, show lenders still struggling to consistently comply with enhanced disclosure requirements instituted by the Consumer Financial Protection Bureau (CFPB) in 2016. In the third full year of the new…

RPA Whitepaper: How to Achieve Dramatic Efficiency Gains in the Mortgage Industry
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MERS Reconciliation: Beyond the Basics

With 15 years of experience in the mortgage field, MetaSource Manager for MERS Operations Kelly Jensen has a lot of tips to share on the subject of reconciling mortgage documents with the MERS® system. His advice: work hard and learn to “speak geek.” That’s shorthand for finding someone on your IT team who understands the…

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Robotic Process Automation for the Mortgage Industry

Though relatively new, robotic process automation (RPA) is already starting to dramatically streamline the mortgage lending process. The Best Part: there are now mid-market solutions like Kapow from MetaSource that offers the benefits of RPA for a fraction of the price that the large consulting firms and IT integrators would love to charge you. And,…

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Top 8 MERS QA Findings

In the spring of 2011, the Office of the Comptroller of the Currency issued consent orders outlining a quality assurance mission for MERSCORP Holdings, Inc. and the nation’s largest servicers. The mission was designed to ensure the data accuracy within the MERS® System could effectively support its role in securitization. As a result, MERS consolidated…

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The New Universal Residential Mortgage Application

Are You Ready for the New URLA? Starting January 2018, the newly redesigned uniform residential loan application (URLA) – also known as Fannie Mae Form 1003 – will have a cleaner look with more white space and a defined separation of borrower and lender information. It has also been updated so that it is compliant…

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What If Your Mortgage QC Turn Time Was 35 Days?

“Time is the coin of your life. It is the only coin you have, and only you can determine how it will be spent. Be careful lest you let other people spend it for you.” – Carl Sandburg We hear about mortgage file quality control (QC) turn times of 60-90 days from other QC outsourcing…