Why Quality Control

Quality Control is no longer an option. It’s A Must! As a mortgage banker, mortgage broker, bank or credit union you should know that a viable quality control program is fundamental to your company’s long term success and survival.  A viable quality control program is also required by everyone; federal regulatory agencies, state regulatory agencies, Federal National Mortgage Association (Fannie Mae), Federal Home Loan Mortgage Corporation (Freddie Mac), Department of Housing and Urban Development (HUD/FHA), Department of Veteran Affairs (VA), Private Mortgage Insurance Companies, even private institutional lenders and investors.

How would you answer the following questions?

• Are the loans you originate and your overall loan portfolio repurchase and indemnification proof?
  
• Is your company’s program able to satisfy the quality control requirements of the various entities mentioned above?
• Can you prove that the mortgage loans you originate are quality product and can meet all necessary standards?
• Do you have a Quality Control Plan or is your QC Plan current and able to pass regulatory scrutiny?

QCP Systems can help, if your answer to any of the above questions is “NO” or “MAYBE”.

QCP Systems can assure you that whichever one of our services you select, your quality control program will meet the high standards required by the various regulatory agencies and secondary marketing investors, and help you to be a long term player in the mortgage industry.