Post-Close Mortgage QC Best Practices: How to Reduce Findings, Cut Costs and Create a Competitive Advantage
Randomly auditing 10% of your mortgages on a post-close basis is required by Fannie Mae, Freddie Mac and the FHA/HUD. If this is news to you, you need to contact us immediately...
What is news to many lenders is how implementing document-related best practices reduce post-close quality control (QC) findings, minimize non-compliance fines, slash operating costs, and can even lead to a competitive advantage in mortgage origination.
This whitepaper encapsulates everything we've learned having performed tens of thousands of post-close mortgage QC audits since 2008, categorized in the following way:
- QC Auditing: In-House vs. Outsourcing
- Keeping Up with New Agency Requirements
- Central Repository & Trending Analysis
- Document Capture, Workflow Automation & The E-Mortgage