Mortgage Quality Control Outsourcing

May 18, 2016

By: Debra L. Werschey, Consultant and Manager of Secondary Market Services

Banks and other financial institutions face increased focus on quality control of the loan origination and closing process.

Lenders’ quality control programs are more important than ever. Our Quality Control services help ensure your quality control program is effective in meeting Fannie Mae, Freddie Mac, HUD, FHLB and other investors’ requirements and in mitigating post-purchase risk.

With Young & Associates, you have a trusted partner for quality control outsourcing.

Why Outsource Quality Control?

Outsourcing quality control to Young & Associates allows lenders to correct loan processes, help mitigate loan file errors, and obtain data to develop quality control solutions.

By outsourcing the quality control (QC) process, it’s easier for banks—particularly community banks—to navigate new regulations and optimize their internal resources (time, staffing, and expertise).

Additionally, when you outsource and shift the QC workload to us, you can achieve high-quality results at a lower cost to your organization.

Increasing Industry Regulation

Fannie Mae and Freddie Mac and other mortgage investors demand higher loan quality standards from lenders who want to sell their loans to them.

As the mortgage industry struggles with the best ways to incorporate QC processes into a qualified mortgage (QM) world, be prepared. Recent financial history has shown that this trend of increasing regulation is likely to continue. Help control your risks by outsourcing quality control related to regulatory requirements.

Benefits of Quality Control Outsourcing

Organizations with a commitment to quality control recognize quality begins before an application is taken and continues throughout the entire mortgage process.

By outsourcing quality control to Young & Associates, you get oversight and assistance with:

  • QC Plan Development
  • QC Reviews – approved, denied, and defaulted loan files
  • FHA Branch Audits
  • FHA/VA Denied Loan Review
  • Pre-Closing Reviews Reverse Audits

Why Choose Young & Associates for Quality Control Outsourcing

We’ve developed our strong reputation through consistently providing quality services, assuring our clients the highest level of professional service available today.

Through our QC outsourcing services, you benefit from our comprehensive and extensive knowledge of the mortgage industry. We work diligently to keep apprised of the regulatory requirements.

Committed to Your Success

Young & Associates has provided education, outsourcing, and a wide variety of consulting services to community financial institutions since 1978. We are committed to your future success and look forward to assisting you.

To learn more about quality control outsourcing for mortgage compliance, call 1.800.525.9775 or contact us online.

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