Tag: FHA


Top 15 Mortgage QC Findings for 2019

The top 15 mortgage quality control issues in 2019, as compiled from tens of thousands of post-close QC audits performed by MetaSource over the past year, continue to demonstrate challenges executing the TRID Rule designed to meet the objectives and requirements of Title X of the Dodd-Frank Act. In the fourth full year of the…

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Join MetaSource at the MBA Independent Mortgage Bankers Conference

The challenges facing non-bank mortgage lenders in 2019 include an uncertain economic environment and the certainty of increasing scrutiny. Fewer originations and low refinance volumes have stoked conversations around liquidity and strategies for increasing efficiency when margins are tight. Against that backdrop, independent mortgage lenders will gather for the Mortgage Bankers Association’s annual Independent Mortgage…

Digital Transformation for HFAs: Join MetaSource at the NCSHA National Conference

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…


Mortgage QC Timing Update

There has recently been some ambiguity regarding the timing of mortgage quality control (QC) that needs to be part of any mortgage originator’s mortgage QC plan with FHA and Fannie Mae. FHA QC Timing Response Previous to the implementation of the new FHA 4000.1 Handbook, FHA’s QC timing requirement was to have your initial audit…


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…