Banks and Credit Unions do an outstanding job of staying on top of quality control especially, when it comes to federal regulatory audits because of the number of banking oversight agencies who dabble in banking. Quality Mortgage Services offers a comprehensive federal regulatory audit for any mortgage bankers who need visibility on the regulatory risk in mortgage loans. The lack of mortgage compliance or mortgage servicing compliance may result in agency fines and potential litigation. The federal regulatory audits reports and servicing QC will bring forward regulatory discrepancies so that banks can tighten loan officer training, procedures, and process during the loan process as well as loan servicing. The federal regulatory audits will help the compliance officer see the trends from the various loan types and see weakness in the process.

Other post closing quality assurance audits may include the following:

Post Closing Quality Assurance

Early Payment Default or Default Audits

Repurchase or Loan Buy Back Audits

Appraisal compliance and related services:

Appraisal Quality Control

Appraisal Defect Detection and Prevention

QMS Difference

Quality Control Plans

Collateral and Appraisal Compliance Reporting

Collateral and Appraisal Management QC Plan