Attention Mortgage Servicers: visit us at the National Mortgage Servicing Conference & Expo 2016 in booth #315

For the past seven years, MetaSource has provided First Colony Mortgage with mortgage file quality control (QC) and audit services.

First Colony Mortgage is a full service mortgage company founded in 1984 by John Aldrich and Scott Shelley. Most mortgages are processed, underwritten and closed in house. Since inception, First Colony Mortgage has funded over 25,000 loans and over $3.5 Billion in dollar volume. First Colony Mortgage provides fast, efficient service and is ready to help you get started on the home buying process.

Ensuring the mortgages you originate and/or service are in compliance with myriad requirements is critical for both operating efficiently and profitably, as well as avoiding major fines from the CFPB. Below are four essentials of creating and ensuring that your mortgage quality control (QC) plan is compliant and effective.

Government agencies and investors require that you to have an updated mortgage quality control (QC) plan. What's the state of your plan?

If you don't have one, aren't sure if it meets the necessary requirements (which now change several times each year) or if your QC plan has not been updated in the past 12 months, then read on.