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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...
Jan 31, 20224 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Mortgagee Letter (ML), 2019-12, issued mid-month by the Department of Housing and Urban Development, HUD effectively rescinded...
Jan 31, 20222 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...
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...
Jan 31, 20223 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)....
Jan 31, 20222 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...
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...
Jan 31, 20223 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...
Jan 31, 20222 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...
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...
Jan 31, 20223 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...
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...
Jan 31, 20222 min read
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