QUALITY CONTROL PLANS
Quality Control Audits Done Right
QualiMae’s Quality Control Plans are revised periodically to stay up to date with any current changes in our industry. We always strive to meet your investor requirements.
Since 1994, QualiMae® has provided continued Quality Control experience. We know all of the most important requirements of a Great Quality Control Plan. We can issue our QualiMae® QC Plan which will help you with your investor approvals or QualiMae® can help you design a QC Plan that is customized to your company’s specific needs or requirements.
Lenders across the country have trusted QualiMae’s experienced and specialized team of auditors to perform high-quality and timely 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.