Income without Paper

Quality Mortgage Services (QMS) has announced the release of their newest solution to help solve industry compliance obstacles.  QC Verify fully automates the verification process, which has historically been a difficult to manage, paper ridden and a costly means of attempting to verify assets, … [Read more...]

Mortgage Banking Quality Control Shifts

mortgage banking qc

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 … [Read more...]

QMS Adds HMDA Data Audits to Its Services

Brentwood, TN – March 10, 2015 –Quality Mortgage Services, LLC (QMS) The Mortgage QC and Auditing Technology Solutions Company announced today that it is incorporating a new service to its line of mortgage banking audits. QMS is now offering HMDA Data Audits to banks and mortgage lenders. “We are … [Read more...]

Feature in Housing Wire Magazine

This year has been one of many changes all across the board. We started 2014 with the Qualified Mortgage and Ability to Repay while experiencing lower volumes in the origination market. In the mean time, we saw the agencies requiring more changes to QC reporting methodologies and trending tools. It … [Read more...]

Mortgage News Network Interviews Tommy Duncan

Claudia Duncan, Quality Mortgage Services First Senior VP

While attending the MBA Annual Conference in Las Vegas, Tommy Duncan, CEO of Quality Mortgage Services, had the opportunity to be interviewed by Phil Hall, Lead Anchor with MNN (Mortgage News Network). During the interview, Tommy addressed some items that are important to QC Managers: Through … [Read more...]

QC Independent Contractors and Conflicts of Interest

velvet-rope

OCC Terminates B2B & IC Relationship Recently, Business to Business (B2B) and Independent Contractors (IC) that specialize in mortgage quality control and compliance; due diligence, and loan audit reviews just had their cages raddled with the recent action by the OCC that required the … [Read more...]

Can Technology Keep Pace Mortgage Regulatory Reform?

calculator-glasses

The Compliance Technology Obstacle While attending the Mortgage Bankers Association Regulatory Compliance Conference in Washington DC, the MBA workgroup discussion addressed the vulnerabilities mortgage bankers have with current compliance and how their hands are tied as a result of the technology … [Read more...]

Lessons Learned with the Good Faith Estimate (GFE)

hand-shake

Hot Button Good Faith Estimate Issues For those of you struggling with the Good Faith Estimate, a number of our mortgage compliance auditors here at Quality Mortgage Services took a little break from mortgage auditing a few days ago to participate in Mortgage Banking Association Regulatory … [Read more...]

Servicing Compliance Review Dissects Processes

An in-depth quality control audit will provide a useful evaluation of the operations performed by a processing company. The audit will determine whether the company has a clearly defined internal system. The audit will also show what successful processes have been implemented, what procedures need … [Read more...]