Why a mortgage loan audit?Why would your firm need a mortgage loan audit if your personnel are careful to adhere to all compliance guidelines? The truth is that even the most rigorous and well implemented compliance program is not going to prevent fraud. Underwriting procedures are going to miss many fraudulent applications as well. After all, with the advent of various computer frauds and identity theft there are more ways than ever before for dishonest applicants to attempt to deceive your company. It takes a dedicated staff familiar with the practices of the mortgage industry as well as how to conduct proper investigative audits and mortgage reviews. QMS has the proper people in place to conduct a successful and thorough mortgage loan audit for your firm. |
Fraud by mortgage companiesPurposeful fraud by mortgage companies is relatively rare. However, fraud with the assistance of one or more employees is relatively common. This is another factor that can make it extremely difficult for a company to conduct a proper investigative audit. When a QMS team examines your business, you can be completely confident that everyone involved in the process is completely neutral towards the evidence they examine. Another advantage of using a team of mortgage fraud investigators from QMS is that their dependant status helps eliminates any claims by employees that they have been targeted due to inter-office politics or personal vendettas. Of course, investigations into fraud by mortgage companies conducted by QMS may also confirm that your company has nothing but good, solid loans built on truthful applications. |
