Post Closing Reviews
Post-Closing Quality Control Audits:
Our Post Closing QC Audits includes a full and complete audit of each selected closed loan file and also denied & withdrawn loans. We use comprehensive audit checklists that comply with quality control guidelines set by FNMA, FHLMC, HUD & VA. We tailor our checklist to include any special documentation that your business requires.
Our audits include re-verifications of employment, deposits, occupancy and other documents; Ordering a new credit reports and completion of appraisals desk reviews and field reviews as required. Our reviewer then does a thorough review of all underwriting decision and supporting documentation, and a complete audit of all closing documents including a re-calculation of the Final Truth-in-Lending Statement.
Our report package includes several reports and an QC Management Report, which will provide you with all the information you need to properly evaluate your loan origination process. Wise QC guarantees a 30 day completion of the audit from the date we receive the loan files.
Wise QC utilizes FullCircle Mortgage QC Software to standardize our work and provide you with consistent, understandable reports with great accuracy. Our reports are also the best looking reports in the industry. Once you try us you will wonder why all results don’t compare with Wise QC and FullCircle.