Mortgage Quality Control
ICS Risk Advisors’ Mortgage Quality Control Program is led by experienced underwriters and compliance professionals. The quality control review and reporting process meets the requirements of all secondary market investors including HUD, Fannie Mae, and Freddie Mac.
Loan files are re-underwritten to ensure that the loan is in compliance with investor or proprietary product guidelines, lender policy, and regulatory requirements. Our mortgage quality control reviews encompass credit, appraisal, closing, and legal documentation. Our staff are experienced front-line underwriters, mortgage insurance, QC, and due diligence professionals who provide a well-balanced understanding of loan risk.
Elements of Our Mortgage Quality Control Program include:
- Verify existence and accuracy of all documents used in the underwriting process.
- Re-underwrite loan to assure it meets internal lending policy, product guidelines, and underwriting requirements of secondary market investors and insurers.
- Re-verification of income, asset, and credit documentation to prove accuracy of documents used in underwriting process.
- Verify the documents used in the underwriting process were issued by the originating source.
- Appraisal Review — verify data and consistency by underwriting the original appraisal.
- Ascertain compliance with RESPA, ECOA, Truth in Lending Act, National Flood Insurance Act, Privacy of Consumer Financial Information, and customer identification procedures.
We are often requested to perform targeted audits or specialized loan reviews. These specialized audits include:
- Early Payment Default, Delinquent Loan Audit, & Fraud Detection
- Investor Repurchase Request or Mortgage Insurance Claim Denial
- Delegated Underwriting Authority Requests
- Adverse Loan Reviews
- Fraud Audit
Learn more about how we are uniquely qualified to serve your financial institution:
» International Banks
» Community Banks
» Credit Unions
» Bank Holding Companies
» Money Service Businesses
» Asset Management Firms
