Secondary market quality control procedures – Is your loan quality up to par?
8/11/2020 02:00 PM - 03:00 PM (CT)
Name: Mary Boortz
If you are involved in or thinking about the secondary market mortgage industry, this webinar covers quality control information you should know.
Financial institutions selling loans to the secondary market are required to have a loan quality control (QC) program to monitor and evaluate the integrity of the loan origination and underwriting processes and to provide feedback to management on originations so appropriate action can be taken if issues are uncovered. In today’s environment, with its renewed emphasis on the quality of a financial institution’s loans, a robust quality control function is more important than ever. Ensuring quality begins before an application is taken and must continue throughout the processing, underwriting, and closing functions.
During this webinar we will discuss:
- What is quality control?
- Why is it important?
- Who is responsible for quality control?
- Common errors/trends.
Who should attend? Lenders, processors, underwriters, internal QC staff and management