Blog | QC Verify

Despite lull in misrepresentation, lenders need to keep focused on fraud risk

QC Verify

Jan 31, 20223 min read

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...

4 views0 comments

QC Verify

Jan 31, 20223 min read

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...

13 views0 comments

What will be HUD’s next move on down payment assistance?

QC Verify

Jan 31, 20223 min read

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...

3 views0 comments

The OCC Drills Down on Fraud Risk Management.

QC Verify

Jan 31, 20224 min read

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...

19 views0 comments

QC Verify

Jan 31, 20222 min read

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Mortgagee Letter (ML), 2019-12, issued mid-month by the Department of Housing and Urban Development, HUD effectively rescinded...

5 views0 comments

Are you ready for Fannie Mae’s updates to Post-Closing QC?

QC Verify

Jan 31, 20223 min read

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...

128 views0 comments

Have you heard the latest about Mortgagee Letter 2019-06?

QC Verify

Jan 31, 20223 min read

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...

5 views0 comments

Press Release - QUALITY MORTGAGE SERVICES, LLC (QMS) ATTAINS VETERAN-OWNED STATUS

QC Verify

Jan 31, 20222 min read

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)....

33 views0 comments

Are your audit standards for adverse action files inadvertently out of compliance?

QC Verify

Jan 31, 20223 min read

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...

36 views0 comments

Are we still talking HMDA after March 1st?

QC Verify

Jan 31, 20223 min read

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...

3 views0 comments

Gearing up for QC post government shutdown

QC Verify

Jan 31, 20222 min read

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...

2 views0 comments

How Granular Are Your QC Audit Practices? QMS Is Preparing To Help You Dive Deep With MARS

QC Verify

Jan 31, 20223 min read

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...

3 views0 comments

QC Fraud Risk Is On The Rise – Is Your QC Program Ready?

QC Verify

Jan 31, 20223 min read

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...

7 views0 comments

Does Your QC Program Catch Borrower Employment Fraud?

QC Verify

Jan 31, 20222 min read

Does Your QC Program Catch Borrower Employment Fraud?

The post-financial crisis environment has supported the mortgage industry’s adoption of the digital era. With the advancement of the...

7 views0 comments

What Will Your Investors Look For During The Next Audit?

QC Verify

Jan 31, 20222 min read

What Will Your Investors Look For During The Next Audit?

Quality Mortgage Services (QMS) has found that in many scenarios investors are looking beyond the loans you deliver to them, not simply...

3 views0 comments

Are You Getting The Most From Your QC System?

QC Verify

Jan 31, 20222 min read

Are You Getting The Most From Your QC System?

Quality Mortgage Services (QMS) has announced a significant upgrade to the industry-proven quality control audit platform, MARS, Mortgage...

9 views0 comments

QC Verify

Jan 31, 20223 min read

Keeping Your Eyes Open To Fraud Risk

Mortgage fraud is a never-ending concern for lenders and servicers alike. Schemes and fraudsters come and go, as do market conditions,...

8 views0 comments

QC Verify

Jan 31, 20222 min read

Outsourced QC Audit – Myth vs. Magic

It is not uncommon to hear your peers claim, “we don’t outsource any services”; however, nearly all large institutions outsource services...

6 views0 comments

Rethinking Risk Management & QC What To Look For At MBA Annual

QC Verify

Jan 31, 20223 min read

Rethinking Risk Management & QC What To Look For At MBA Annual

The biggest event of the year for the mortgage industry is days away; however not to be overlooked, the Mortgage Banking Association’s...

8 views0 comments

Information Transparency and Data Verification

QC Verify

Jan 31, 20223 min read

Information Transparency and Data Verification

Do Your Borrowers Know Their Data is Verified? As the mortgage industry prepares for the “new” version of the Uniform Residential Loan...

7 views0 comments