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...]

Repurchase Defense and Loan Buy Back Audits

Quality Mortgage Services has been a proven industry leader for over 20 years. As a result, we know the steps and strategies your company should take in order to guarantee success. Our successful history ensures that you can trust us to perform repurchase defense. Quality Mortgage Services has … [Read more...]

MERS Annual Report

The MERS® Annual Report of Quality Assurance Standards Compliance is a report that is required by the Executive Sponsor for each Member Servicer or Subservicer each calendar year and requires the following: Procedures in place for assurance that the MERSCORP data for all MERS® System required … [Read more...]

Federal Regulatory Audits

Banks and Credit Unions do an outstanding job of staying on top of quality control, especially when it comes to federal regulatory audits, because of the number of banking oversight agencies who dabble in banking. Quality Mortgage Services offers a comprehensive federal regulatory audit for any … [Read more...]

Mortgage Default Audits

According to the Mortgage Bankers Association, nearly 10% of mortgage loans are either delinquent or in foreclosure. Although many states now have foreclosure inventory rates that are back to pre-crisis levels, other states have foreclosure rates that are two to three times the national average. … [Read more...]

Compliance With MERS

There are many complex issues and challenges in the mortgage industry. Thankfully, Quality Mortgage Services has over 20 years of proven experience working in this field. We can help you address and solve the most complex financial issues. Quality Mortgage Services, LLC offers our clients a … [Read more...]

Mortgage Servicing QC Audit from the CFPB

The Consumer Financial Protection Bureau (CFPB) recently in a press release outlined its initial approach to supervising mortgage servicers to ensure they comply with federal consumer financial protection laws. Reports by other federal agencies have indicated that, starting with the financial … [Read more...]

Fannie Mae Audits 250 Lenders

This past week in New Orleans was a very productive week for those mortgage banking professionals who work in the quality control or quality assurance space.  “The Week of Quality” included: the Mortgage Banking Operations Conference, Fannie Mae’s QC Vendor Summit, and the Mortgage Bankers … [Read more...]

14 Servicers Audit Report Results

On April 2011, an interagency audit report was published called, Interagency Review of Foreclosure Policies and Practices. This collective audit was performed by the Federal Deposit Insurance Corporation (FDIC), Office of Comptroller of Currency (OCC), and the Office of Thrift Supervision (OTS). … [Read more...]