As the number of foreclosures increase, the focus has turned to the servicing of mortgage loans. It is in the best interest of all servicers to avoid challenges in the foreclosure process by implementing "best practices" and putting quality control checks in place. MERS® is an important aspect of Loan Servicing. Quality Mortgage Services, LLC offers our clients a specialized audit which targets information reported to Mortgage Electronic Registration System (MERS®).

Because of the uproar in the mortgage loan servicing world, some actions require mortgage servicers to correct other deficiencies in residential mortgage loan servicing and foreclosure practices. Many mortgage servicers are correcting these deficiencies by the use of servicing quality control companies that enhance oversight of foreclosure service providers. The consulting of the mortgage servicing functions has gone as far as evaluating management information systems associated with mortgage servicing and foreclosure processing as well as the mortgage loan servicing consulting for the assessment to improve communication with the customer by establishing a single point of contact in order to prevent problems wherein the mortgage servicers are pursuing foreclosures even when a borrower may have been approved or when the borrower is performing under the terms of a loan modification or trial modification.

Mortgage servicing quality control will now require an independent mortgage servicing quality control company to conduct the mortgage servicing review. The mortgage servicers are required for corrective actions as the expectations are discovered.

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