QC Verify
100 Days of COVID-19
The mortgage industry is fast approaching day 100 since the first COVID-19 guidance was offered by the Government-Sponsored Enterprises...
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QC Verify
- Jan 31, 2022
- 3 min
The COVID-19 income verification roller coaster
With escalating unemployment, furloughs, wage reduction and an overall lack of certainty in respect to the U.S. job market, income and...
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QC Verify
- Jan 31, 2022
- 4 min
Who’s being helped by SBA PPP loans?
In staying abreast of the ongoing industry impact of the Coronavirus Aid, Relief, and Economic Security Act (CARES), Quality Mortgage...
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QC Verify
- Jan 31, 2022
- 3 min
Staying abreast of COVID-19 Quality Control guidance
Quality Mortgage Services (QMS) continues to focus on helping our clients and prospects stay on top of the rapidly changing flexibility...
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QC Verify
- Jan 31, 2022
- 3 min
Are you on top of agency responses to COVID-19?
In our initial COVID-19 blog we touched on process triage, as well as preliminary origination and servicing guideline changes and relief...
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QC Verify
- Jan 31, 2022
- 2 min
Tenured Quality Assurance Manager, Terra McCrory, Joins QMS
BRENTWOOD, TENN. (PRWEB) APRIL 01, 2020 Quality Mortgage Services LLC is proud to welcome Terra McCrory as Senior QC Mortgage Analyst, a...
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QC Verify
- Jan 31, 2022
- 3 min
Managing QC and audit in the wake of COVID-19
As we each grapple with the daily impact of COVID-19 in our personal lives, and prayerfully remain healthy, a myriad of tweaks and...
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QC Verify
- Jan 31, 2022
- 3 min
Despite lull in misrepresentation, lenders need to keep focused on fraud risk
More recent fraud reports reflect a decline in both fraud and misrepresentation as the lower interest rate market has continued to...
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QC Verify
- Jan 31, 2022
- 3 min
What’s the landscape post GSE QM patch?
As the expiration of the GSE patch, also referred to as the QM patch, grows closer, the potential impact becomes a more frequent topic...
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QC Verify
- Jan 31, 2022
- 3 min
What will be HUD’s next move on down payment assistance?
Will the rescission of the Department of Housing and Urban Development’s Mortgagee Letter 2019-06: Down Payment Assistance and Operating...
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QC Verify
- Jan 31, 2022
- 4 min
The OCC Drills Down on Fraud Risk Management.
Earlier this summer the Office of the Comptroller of the Currency recently released bulletin 2019-37, which provides supplemental...
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QC Verify
- Jan 31, 2022
- 2 min
Mortgagee Letter 2019-06 Update
In a brief Mortgagee Letter (ML), 2019-12, issued mid-month by the Department of Housing and Urban Development, HUD effectively rescinded...
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QC Verify
- Jan 31, 2022
- 3 min
Are you ready for Fannie Mae’s updates to Post-Closing QC?
Earlier this month Fannie Mae released new updates to the Lender Quality Control section of the Selling Guide. Lenders have the option...
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QC Verify
- Jan 31, 2022
- 3 min
Have you heard the latest about Mortgagee Letter 2019-06?
As we quickly approach the extended deadline of July 23 for Mortgagee Letter 2019-06, granted in ML 2019-07, one can’t help but wonder...
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QC Verify
- Jan 31, 2022
- 2 min
Press Release - QUALITY MORTGAGE SERVICES, LLC (QMS) ATTAINS VETERAN-OWNED STATUS
Quality Mortgage Services (QMS), LLC is now officially designated as a veteran-owned small business (VOSB) May 15, 2019. (FRANKLIN, TN)....
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QC Verify
- Jan 31, 2022
- 3 min
Are your audit standards for adverse action files inadvertently out of compliance?
The Equal Credit Opportunity Act (ECOA), implemented under Regulation B, and the Fair Credit Reporting Act (FCRA) together officially...
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QC Verify
- Jan 31, 2022
- 3 min
Are we still talking HMDA after March 1st?
es we are…. with the 2018 data submission deadline literally days away, Regulation C, the Home Mortgage Disclosure Act (HMDA), is and...
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QC Verify
- Jan 31, 2022
- 2 min
Gearing up for QC post government shutdown
What does the government shutdown mean for quality control in the longer term? The government has now been partially shutdown for , the...
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QC Verify
- Jan 31, 2022
- 3 min
How Granular Are Your QC Audit Practices? QMS Is Preparing To Help You Dive Deep With MARS
As the mortgage industry continues to move towards a digital environment, there is a growing need to improve upon the granularity of...
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QC Verify
- Jan 31, 2022
- 3 min
QC Fraud Risk Is On The Rise – Is Your QC Program Ready?
The most recent CoreLogic Mortgage Fraud Report once again indicated that fraud risk is on the rise.The report cited a 12.4 percent...
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