Quality Control for Financial Institutions

Quality control is an essential piece of the residential lending function for banks, credit unions and mortgage lenders of all kinds. These independent reviews are crucial for managing your risk and meeting the requirements of federal and private investors including Fannie Mae, Freddie Mac and the U.S. Department of Housing and Urban Development (HUD).

Quality Control Plan Development

Young & Associates can develop a quality control plan that is customized to your institution and loan program.

Quality Control Reviews

These reviews verify that loans conform to your company policies, meet insurer and guarantor requirements and comply with lending regulations and laws.

In-House Portfolio Quality Control Reviews

We will test your residential mortgage loans and origination sources to validate income, cash sources, collateral value, and qualification analyses to assure product quality.

Pre-Closing Quality Control Reviews

Pre-closing QC reviews provide important and timely information to origination staff prior to closing a loan.

FHA Branch Audits

Our quality control specialists perform annual branch audits for traditional and non-traditional branch offices engaged in the origination of FHA insured loans.

Early Payment Default Review

Young & Associates provides early payment default reviews for 60 and 90 days past due loans.

FHA/VA Denied Loan Review

Young & Associates provides denied loan reviews for banks, credit unions and other mortgage lenders.

Reverse Audits

Reverse audits allow lenders to back-check the QC reviews that Young & Associates has performed for them to determine compliance with regulatory guidelines.

The future of mortgage loan buybacks

Explore why loan buybacks are rising due to investor scrutiny, interest rates and regulatory changes. Learn strategies to minimize risks.

2024 housing market outlook: Implications for mortgage lenders

Young & Associates is your trusted partner in navigating secondary mortgage quality control amidst the dynamics of the 2024 housing market.

Meet the upcoming Fannie Mae prefunding deadline on 9/1/23

Young & Associates can help you meet the upcoming Fannie Mae prefunding deadline on 9/1/23 with our pre-closing Quality Control reviews. Act now!

Why banks should QC in-portfolio loans

Discuss the significance of implementing quality control measures in portfolio loans to maintain loan quality and minimize credit risk.

Brushing up on disclosures for ARMs

Brush up on the crucial disclosures for Adjustable Rate Mortgages (ARMs) with comprehensive guidance from Young & Associates.

The purpose of quality control − Loan origination volume

Fannie Mae predicts $2.72 trillion in mortgage originations in 2021 and $2.47 trillion in 2022. They anticipate purchase volume to go from $1.53 trillion in 2020 to $1.6 trillion in […]

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