The Power of Outsourcing Mortgage QC Services
There are generally two ways to satisfy post-close QC requirements: you can create an internal team and processes, or you can find a reliable third-party QC partner. Creating and maintaining a robust QC solution requires commitment and resources from executive management. An underfunded and understaffed QC team creates considerable compliance risk and can end up costing you more in time, money and worry.
An experienced and reliable QC partner can be a better and more cost-effective choice. A partner like MetaSource will find and train qualified staff, keep up with evolving agency requirements and conduct the required QC processes for you, including:
- Appraisal field reviews
- Collateral risk reviews
- File reviews
- Findings reports
Utilizing a dependable post-close QC partner provides the flexibility of a variable cost, which allows a consistent alignment with mortgage volume.
Ensuring the Quality of Post-Close QC
MetaSource offers several Post Close QC reviews that are completed by experienced mortgage professionals:
- Random & Statistical Sampling Post-Close
- Discretionary Post-Close
- Early Payment Defaults
- Customized Post-Close
- Cancelled/Denied/FHA Rejected/Adverse Action
Coupled with our incredibly responsive customer service, clients are never in the dark about the status of their audits.
Not to mention, MetaSource post-close QC audits are structured to meet all relevant agency guidelines:
- Fannie Mae
- Freddie Mac
Experience Fast Turnaround Times So You Can Ensure Mortgage Compliance Today
Post close quality control turn times are a major concern for mortgage originators, and for good reason. Without fast turnarounds, originators are at risk of failing to meet GSEs’ 95-day compliance standard.
That’s why lenders turn to MetaSource. We know how critical it is for lenders like you to meet the agency timing requirement, which is why we maintain an impressive turn time of 35 days.
Our mortgage originator clients count on us to help them ensure mortgage compliance time after time. They also appreciate that our QC Audit Software, QLink, offers real-time insight into key quality control metrics, report statuses, workflow processes, and much more. We even offer a QLink integration with ICE Mortgage Technology’s Encompass®, so Encompass users can deliver loan documents for audit quicker and more easily than ever before. QLink was developed by MetaSource to help mortgage lenders like you ensure compliance.
At MetaSource, we take pride in providing our clients a quality audit. Our audits are structured to give you in-depth feedback and analysis on your adherence to agency guidelines, with results and recommendations that will improve compliance, slash costs and even provide you with a competitive advantage in mortgage origination.
We hire seasoned and knowledgeable professionals with years of relevant mortgage experience to perform the audits. Even our experienced auditors must successfully complete testing and training prior to auditing any live production files. And, we monitor all new releases from the GSEs to immediately adapt our audit processes to new guidelines.