Pre-Fund Mortgage QC: Requirements & Best Practices

Pre-fund file audits are an important part of quality control. They are the only proactive audit in the compliance process, and they are required by the GSEs, FHA and many investors. When a quality Pre-fund Audit is completed, you have the ability to correct many problems before they become bigger issues.

This whitepaper will leave you with a better understanding of the requirements, as well as the best practices for meeting Pre-Funding QC audit standards consistently and effectively. We’ll provide an overview that includes:

• Requirements of Fannie Mae, Freddie Mac and FHA
• Pre-Funding and QC Auditing Best Practices
• Additional Things to Know