Mortgage Banking Quality Control Shifts
Mortgage Banking QC Shifts
Over the last few years we have seen mortgage banking QC shifts in the spaces of mortgages, banking, and finance. I remember the day when the Federal Housing Administration was the only game in town that required quality assurance on their loans under the Mini-Eagle and Full- Eagle programs. Now look at us. From Pre-Funding or Pre-Closing QC to discretionary audits and loan reviews of various types, we are focused on assisting our clients with audit methodologies and QC solutions.
With these shifts in the industry, I am confident to predict that the government agencies will soon start including outsource and consulting firms in finds or will take ownership in part of the blame for loan and lending defects. It is only a matter of time because of robust vendor management policies and expectations the industry requires today.
QMS is The Mortgage Audit and Technology Solutions. We also provide mortgage audit technology called MARS. Contact us today to learn more about what we do.