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...
There is often confusion about the annual financial audit and quality control file audits. They are two separate functions, and...
HUD Handbooks Fannie Mae Single Family Selling Guide Freddie Mac Seller/Servicer Guide and Forms We offer complete lending manuals for...
The Red Flags Rule is essentially an identity theft prevention program required by the Federal Trade Commission, for financial institutions...
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Each file that you upload or ship should include the following: Credit/Processing Package (with all initial disclosures and documents) Appraisal...