Engage Quality Mortgage Services as your appraisal management company. QMS performs the interagency compliance as set forth by the FHFA and the CFPB. QMS will perform 100% Appraisal Defect Detection and Prevention on every appraisal so that lenders can have the interagency documentation required for appraisal compliance. The Appraisal Defect Detection and Prevention (ADDP) is the only product available that meets the interagency guidelines. The ADDP review meets the documentation requirements for appraisal compliance for Dodd-Frank. QMS shares with its proprietary software MARS (Mortgage Analysis Review Software) and AMS (Appraisal Management Software) data in order to produce these reports. AMS generates the rotation with a certification letter that no influence or persuasion was used to obtain values. QMS will perform 100% QC on the appraisals ensuring agency and interagency compliance and will defend any mortgage loan where ADDP was used to support the collateral.

Other post closing quality assurance audits may include the following:

Post Closing Quality Assurance

Early Payment Default or Default Audits

Federal Regulatory Audits

Repurchase or Loan Buy Back Audits

Appraisal Quality Control

Appraisal Defect Detection and Prevention

QMS Difference

Quality Control Plans

Collateral and Appraisal Compliance Reporting