Post-funding Quality Control Software -Cut Risk and Improve Loan Quality


Posted July 17, 2021 by QCSolutions

QC Solutions provides robust tools for assessing assets, income and managing the verification process through the life of the loan’s audit.
 
Being a leading developer and license Mortgage QC Software company, QC Solutions is widely renowned for offering Full Circle Mortgage Quality Control Platform. We also provide Post Closing Outsourcing Services to the lenders who are interested to perform their monthly QC audits.

Reliable and effective quality control (QC) programs are must have thing for your success in the mortgage industry. Organization with a commitment to QC recognizes that quality begins before an application is taken and continues throughout the entire mortgage origination process.

QC Solutions is a fast and secure way to meet the new electronic file submission requirement for QC reviews. We not only upload your load files, but also better manage your entire post-funding QC process, including monitoring loan file submission and file review status and analysing QC trends.

If you have not yet filed mortgage documents electronically, we at QC solutions can assist you in transitioning to electronic file submission. We make use of wide variety of reference guides, tools and technology to help you accomplish the QC process. If it is risk based audits, QC perform a final prefunding audit and a post-funding audit to ensure adherence to regulatory standards.

In post-funding audits, all loans are subject to a post-funding audit once funded. It is for sure that every loan must undergo one or more post-funding audit conducted by QC Solutions. We perform a thorough internal prefunding review for third-party originated loans.

We also perform three types of post-funding quality control audits. Almost times not all three audits are performed on every loan but once funded, every loan is matter to one or more of the following audits at any time. Those three audits include internal post-closing audit, internal post-closing underwriting audit and external QC audits.

Being a renowned QC solution providing firm, we provide unsurpassed expertise in identifying repurchase risk elements. Most of our clients are large banks, mortgage companies and thus we always ensure to have an exclusive view into the problems that cause repurchase and main issues in pre and post-funding.

Our stratified random selection engine allows clients to practically select any parameters they desire for their random selection. No matter whether from ten percent of all conventional loans to ten percent of the loans from each originator, we meet all your selection need that has been identified in your company’s QC plan.
Browse our website http://qcsol.com/ to know more about our services and how we can assist you in your path of success.

View source: http://prsync.com/qc-solutions/post-funding-quality-control-software--cut-risk-and-improve-loan-quality-3499246/
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Issued By QC Solutions
Country United States
Categories Business
Tags mortgage qc software , postfunding quality control
Last Updated July 17, 2021