Quality Control
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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).
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The Y&A ADVANTAGE

Young & Associates provides mortgage quality control services to meet government-sponsored enterprise and agency requirements. Comprised of former banking executives and lending professionals, our consultants are deeply familiar with the regulatory requirements and time-sensitive nature of these reviews. Contact us to learn more about our quality control services.

Our Mortgage Quality Control Services

Quality Control Plan Development
Plan Development
Plan Development
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Young & Associates can develop a quality control plan that is customized to your institution and loan program. Whether you need help developing a new plan or updating your existing plan, we will work with you to ensure compliance with Freddie Mac, Fannie Mae, HUD, and investor guidelines, as well as adherence to your institution policies, insurer, and guarantor requirements.

Quality Control Reviews

Post-closing quality control reviews are required by Freddie Mac, Fannie Mae, HUD, and private investors. At Young & Associates, our QC reviews are designed to test residential mortgage loans and origination sources and validate income, cash sources, collateral value, and qualification analyses to assure product quality. These reviews verify that loans conform to your company policies, meet insurer and guarantor requirements and comply with lending regulations and laws.

FHA Branch Audits

Our quality control specialists perform annual branch audits, as required by the U.S. Department of Housing and Urban Development for traditional and non-traditional branch offices engaged in the origination of FHA insured loans.

FHA Audit
FHA Audit
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Early Payment Default Review

Young & Associates provides early payment default reviews. We will review loans in default within the first six months that are 60 days past due for FHA loans and 90 days past due for conventional loans, as required by secondary market guidelines.

FHA/VA Denied Loan Review
Denied Loan Review
Denied Loan Review
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Young & Associates provides denied loan reviews for banks, credit unions and other mortgage lenders. We review FHA and VA denied loans to affirm that your organization had a valid reason for denying the loan and that you met the requirements of the Equal Credit Opportunity Act. These reviews demonstrate that in the rejection of the application, no civil rights were violated, and each rejection had the concurrence of an officer or senior staff person of the company or a committee.

Connect with a consultant

Contact us to learn more about our consulting services and how we can add value to your financial institution