Loan quality has never been more important in the mortgage banking industry. Investors demand assurance they are buying loans that meet the standards and guidelines represented during purchase negotiations, and agencies like Fannie Mae, Freddie Mac and HUD require sellers to conduct regular quality control audits on their originations. Many investors want independent, highly qualified third parties to perform these audits to avoid conflicts between production and operations roles within organizations. Hall offers a complete solution to these quality control challenges, with efficient quality control underwriting, due diligence auditing, compliance and legal reviews, fraud prevention and re-verification services.
Hall's QC service is engineered to provide best practices in loan audits, enabling lenders to identify issues with specific loans, as well as to illuminate procedural and systemic problems that need to be corrected for ongoing quality and process improvements.
Hall's Quality Control Services include:
Hall notes exceptions to the guidelines via specific and customizable loan level reports that are securely accessed. Hall provides reports geared toward process improvement that address areas such as exceptions by area of responsibility, originator, underwriter, loan type, and loan purpose. Hall also customizes reports at the client’s request.
Products and Services
Quality Control Reviews
Collateral and credit file receiving
Income, debt and employment review
Closing document review
Compliance and legal review
- Direct verification of credit, income, assets, and employment