FREE Post Closing Loan File Review QC-MAC will perform a FREE, CONFIDENTIAL, NO OBLIGATION review of one of your closed loan files to determine whether it complies with HUD requirements. As a HUD-approved mortgagee/loan correspondent, you are required to have quality control reviews performed on 10% of your closed loans. During its on-site audits of approved mortgagees/loan correspondents, HUD reviews the written reports of quality control reviews performed on your closed loans. One of the major findings against mortgagees/correspondents is their failure to implement the post closing loan review function into their operations. Post closing loan reviews can be performed in-house by management/supervisory personnel who are knowledgeable but have no direct loan processing or underwriting responsibilities. HUD also allows post closing loan reviews to be contracted to outside firms. (HUD Handbook 4060.1, REV-1, 6-1A, 6-1E). The reviews must be in writing and provided to the senior management of the mortgagee/correspondent for appropriate action. If you are currently not performing quality control reviews of your closed loan files, let us do a FREE, CONFIDENTIAL, NO OBLIGATION review of one of your files. You will receive a report from us within 30 days of when you submit the file to us for review. We will execute a short confidentiality agreement with you before you submit the file for our review and QC-MAC's report will be provided to the senior management official of the company. Don't be caught out of compliance on this very important HUD requirement! Call QC-MAC today for your FREE POST CLOSING LOAN FILE REVIEW. If you are interested in having QC-MAC review one of your closed files contact us for a copy of our confidentiality agreement. EMAIL US NOW Post Closing Quality Control Services
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