Mortgage Compliance Solutions

Quality Assurance

We provide an objective and competent third-party mortgage quality control and mortgage compliance review that will enhance the salability of your mortgage loans at a fraction of the cost of in-house quality control. With Quality Mortgage Services' Quality Assurance Program, you get a committed company that provides a series of services to customers that are not limit to:

  • The reassurance that a knowledgeable team of compliance experts will review each file
  • Total compliance with quality assurance of Fannie Mae, Freddie Mac, FHA, and VA regulations
  • Quality assurance costs adjusted proportionally to production levels
  • An economical alternative to an in-house quality assurance department
  • Professional and comprehensive reports to management
  • The objectivity of an independent third party
  • Prompt turn-around
  • Let us provide a customized program that will fit your specific immediate needs and future goals.

Training

Make it a habit to schedule training often because of the constant changes that occur in the mortgage industry. Compliance regulations change, companies change, and there always seems to be a need for good, qualified staff. Good management of these changes is a key to the success of your business. So, how can you maintain and grow a successful company while staying abreast of all these changes?

Let US help!

Quality Mortgage Services is one of the leading Quality Assurance firms in the nation. We make compliance our business. That's why there is no better solution than Quality Mortgage Services Training Division. We offer specialized training in areas such as...

CONVENTIONAL and FHA LOAN ORIGINATION - LOAN PROCESSING

REGULATORY COMPLIANCE - FHA FUNDAMENTALS

VA FUNDAMENTALS - FHA UNDERWRITING

AUTOMATED UNDERWRITING - AND MORE!

We can even customize a specific mortgage quality control program just for you.

On-Site Reviews

Quality Mortgage Services will make an assessment of your operation's compliance with HUD Fannie Mae, Freddie Mac, and/or VA, by reviewing closed files, records management (if applicable), general operating procedures, management oversight and licensing requirements.

After the audit is completed we will meet with top management and review verbally the findings and observations made, including any technical violations or non-compliance with regulations or laws observed during the audit. Issues that require management's immediate attention will be highlighted.

Within 30 days after the audit, Quality Mortgage Services will provide management with a written report identifying items of noncompliance, technical violations and/or violations of law and citing the relevant portion of the appropriate law or regulation. The report also will include recommendations for correcting problems and for bringing appropriate items into compliance.

Due Diligence

Due diligence analyst teams are familiar with all aspects of mortgage lending and the related sale or securitization of residential mortgage loans. In addition to our seasoned staff, we maintain a large database of experienced contractors located throughout the US to provide local expertise while minimizing client costs.

Quality Control Plan

This all-inclusive QC Plan takes the federal regulations that affect mortgage lending from the Fannie Mae and Freddie Mac Sellers/Servicers Guide and the FHA 4060. 1 Rev. 2, and VA requirements and condenses them into a clear, comprehensive, step-by-step resource for Quality Control Plans. Your Quality Control Plan will be customized exclusively for your company, but will allow for future expansion into different areas and agencies without the need for additional Mortgage QC Plans. Many brokers turn to Quality Mortgage Services for preparing a written Quality Control Plan for their FHA approval. An outline is provided of what most FHA sponsors require. Click 4060.1 FHA Approval to learn more.


Consultations

Quality Mortgage Services personnel are widely known for their broad knowledge base. Former HUD Field Monitors, Underwriters, Mortgage Instructors, and Agency Officials create a wealth of knowledge unsurpassed by any other Quality Assurance company. This knowledge base is at your disposal. Let us help you get the answers that you need.

MARS (Mortgage Analysis Review Software)

MARS is a proprietary web-based software program that maintains and tracks the mortgage audit and provides mortgage compliance reports on mortgage reviews. MARS is available for lease for in-house mortgage compliance departments. MARS is hosted on the servers at Quality Mortgage Services where the data is maintain and managed in a safe and secure environment.


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