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Managing QC and audit in the wake of COVID-19
As we each grapple with the daily impact of COVID-19 in our personal lives, and prayerfully remain healthy, a myriad of tweaks and...

QC Verify
Jan 31, 20223 min read
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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...

QC Verify
Jan 31, 20223 min read
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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...

QC Verify
Jan 31, 20223 min read
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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...

QC Verify
Jan 31, 20223 min read
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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...

QC Verify
Jan 31, 20224 min read
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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Mortgagee Letter (ML), 2019-12, issued mid-month by the Department of Housing and Urban Development, HUD effectively rescinded...

QC Verify
Jan 31, 20222 min read
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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...

QC Verify
Jan 31, 20223 min read
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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...

QC Verify
Jan 31, 20223 min read
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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)....

QC Verify
Jan 31, 20222 min read
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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...

QC Verify
Jan 31, 20223 min read
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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...

QC Verify
Jan 31, 20223 min read
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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...

QC Verify
Jan 31, 20222 min read
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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...

QC Verify
Jan 31, 20223 min read
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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...

QC Verify
Jan 31, 20223 min read
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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...

QC Verify
Jan 31, 20222 min read
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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...

QC Verify
Jan 31, 20222 min read
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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...

QC Verify
Jan 31, 20222 min read
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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,...

QC Verify
Jan 31, 20223 min read
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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...

QC Verify
Jan 31, 20222 min read
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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...

QC Verify
Jan 31, 20223 min read
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