CONSULTING SERVICES
When a mortgage goes into default, especially in the first few months after origination an Early Payment Default review is required. This review of the origination process must be done in order for the lender to feel secure there is no misrepresentation or a pattern of misrepresentations and can report to his investors any important findings. These reviews are a little more extensive due to the sensitive timelines and consequences.
Lenders across the country have trusted QualiMae’s experienced and specialized team of auditors to perform high-quality and timely EPD Reviews, Pre-Funding Audits, Post-Closing Quality Control Audits that satisfy major regulatory bodies such as Fannie Mae, Freddie Mac, FHA, VA, and all other non-QM requirements since 1994.
QualiMae’s Auditors use our proprietary software in order to complete the Quality Control Post-Closing Audits and validate the information in each file selected. This review includes income, assets, employment, credit history, approval, closing documents, disclosures, and appraisal review.
We review every document required in the mortgage origination process. After the audit is completed QualiMae will provide the client with management reports and individual reports that are easy to read and understand. These reports include the Exception Action Report so any deficiencies can be easily corrected when found.
HOW IT WORKS
Using QualiMae’s proprietary Audit Software, our auditors examine each step in the loan origination process and validate that the information provided in each selected file is correct. Income, assets, employment history, and credit reports are re-verified.
Each file is reviewed using testing scripts comprised of the most up-to-date and relevant testing questions, including optional State Compliance.