Why do I need a mortgage compliance quality control (QC) plan?
Many investors and agencies, such as FHA, Fannie Mae, and Freddie Mac, require a written QC plan.* Quality control is...
Many investors and agencies, such as FHA, Fannie Mae, and Freddie Mac, require a written QC plan.* Quality control is...
To comply with FHA, Fannie Mae, and Freddie Mac quality control guidelines, the general rules are to: Audit 10% of...
FHA guidelines: Audit monthly, if closing more than 15 loans per month Audit quarterly, if closing 15 or fewer loans...
Quality control audits may be performed in-house, if you establish a unit solely for quality control. The staff must be...