Mortgage Quality Control
Expert Post-Closing & Compliance QC Audits to Ensure Confidence & Manage Risk
Mortgage Connect Risk Solutions' post-closing mortgage quality control audits meet the requirements of all major investors, including Fannie Mae, Freddie Mac, FHA, and VA. We have extensive experience with portfolio and non-QM products and our reviews are performed by our experienced staff of underwriters, compliance auditors, and appraisal specialists.
By Mortgage Professionals,
For Mortgage Professionals.
Our post-closing QC audits evaluate the following items:
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The accuracy and completeness of the loan application
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The existence and accuracy of the underwriting documents
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The underwriting decision to confirm it is supported
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The data entered into DU/LP or other Automated Underwriting Systems, if applicable
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The appraisal
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The property eligibility
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Compliance with the mortgage insurer’s guidelines, and documentation of adequate mortgage insurance coverage
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The existence and accuracy of legal and closing documentation
Why Us?
We strive to uphold our position as the leading mortgage quality control company by building long-term relationships with our clients that give them the confidence to navigate a changing industry and manage risk. To see how outsourcing to us compares to your in-house costs and other vendors, request a demo.
Mortgage Quality Control (QC) Plan
All of our clients have access to our customizable QC Plan which is accepted by all major investors.
Customized Loan Selection Process
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Random, discretionary, and statistical sampling are included as part of the post-closing QC review process at no additional cost. Mortgage Connect Risk Solutions will work with the client to establish customized selection criteria capable of representing the lender’s entire book of business.
Timeliness
Monthly post-closing QC reviews are always completed timely in order to comply with all major investor requirements.
Re-verifications
Full re-verifications are performed on the borrower’s income, employment, assets, and credit history. Verification of owner occupancy is also included as part of the review.
View our FAQ's to see answers to commonly asked questions & issues. If you don't find the answer you're looking for, feel free to submit a support request.
Have Questions?
Reporting
Our proprietary software platform allows clients to respond to findings online and to track Net and Gross deficiencies. Comprehensive management reports are available that focus on defects and broad trends as well as identifying mortgage loans or items that need specific corrective action.
Compliance
Our post-closing audit includes an expert review of each transaction and closing document for completeness, accuracy, and compliance to all underwriting and eligibility requirements. High-cost testing is also available utilizing the Mavent Compliance Service.
Audit Package
A bookmarked PDF is available for download containing the various documents needed to evaluate each loan-level review including items such as work papers, checklists, re-verification mail, QC credit reports, field review appraisals, and public records information.
MORTGAGE SERVICES // MORTGAGE QUALITY CONTROL
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