Purposeful 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 mortgage audits. When a QMS team examines your loan production quality, you will be 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 independent 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 mortgage bank has nothing but good, solid loans built on truthful applications.

Why a mortgage loan audit?

Why would a mortgage banker need a mortgage loan audit if your personnel are careful to adhere to all compliance guidelines? As a mortgage banker advisor, the truth is that even the most rigorous and well implemented mortgage compliance program is not going to prevent fraud for housing. Automated Underwriting Software (AUS) procedures are going to miss many loan defects as well. After all, with the advent of various technologies there are more ways than ever before for dishonest people 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 QC mortgage audits and mortgage reviews. QMS has the proper people in place to conduct successful and thorough mortgage loan audits for your mortgage bank and we can serve as your mortgage compliance advisor.

Related service pages:

Mortgage Servicing QC
Multifamily Audits
Repurchase Audits
Appraisal Services
CFPB Regulatory Audits
Mortgage Compliance Services