This manual/plan is a pre and
post-closing mortgage quality control plan (QC Plan) designed to meet
FHA, FNMA (Fannie Mae), FHLMC (Freddie Mac), VA, USDA and any other
regulator or investor's requirements. 100% guaranteed. The step-by-step
process makes it easy for companies to implement their own programs.
We also include a regulatory compliance module with this product to make
it a complete mortgage compliance solution.
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Quality
Control Plan Elements
Mortgage Quality Control Plan
(Correspondent or Mortgagee) - FHA
Quality Control Plan
(Broker or Lender) - FNMA/FHLMC
SAFE Act Licensing
Compliance Plan
Hiring Plan
Dodd/Frank Compensation
Plan
Federal Regulatory
Compliance Guidelines Including:
RESPA
Truth-in-Lending / MDIA
Fair Lending
Equal Credit Opportunity (Reg
B)
Privacy
Fair Credit Reporting
FACTA
"Red Flags" Fraud
Detection and Prevention
Plan
Pre- and Post-Funding
Audit Plan
State Audit/Examination
Preparation Plan
Complaint Resolution Plan
Customized in 24 Hours -
Complete Post-Closing and Compliance Process
Quality Control Plan
Includes
Applies to Conventional, FHA, FNMA, FHLMC,
USDA standards
Random/Audit Selection Process
Detailed Audit
Procedures
Pre-Funding Audit Process
Policy for Discovery
Training Resources
Warehouse Bank
Includes:
Review Forms and
Checklists
Request
Letters, Report Forms
State Compliance Audit
Preparation Process
Federal Regulatory Compliance Guidelines (RESPA, TIL, ECOA, etc.)
Predatory Lending, Ethics
and Fraud Policy
Complaint Resolution
Policy
Branch Licensing Policy
SARS (Suspicious Activity
Reporting) Process
We lay out a step-by-step
quality control audit process
that is easy to follow as laid out. The business owner can decide
month to month whether to maintain the function internally, or outsource
to a 3rd party provider. We provide all forms required to execute
the function in soft form for further optional customization.
