Quality Control 101 - "QC For Conventional Loans"

Need Help? Call us today toll-free at 1-800-865-8550 Press 1 for SalesCOURSE DESCRIPTION: The course is an ideal fit for mortgage professionals wishing to enter the Quality Control area of mortgage lending, as it relates to Conventional mortgage loans. This instructor-led online training course entitled: Quality Control 101 - QC for Conventional Loans" covers the basics and gives an overall understanding of what a Quality Control plan consists of... and more! COURSE OUTLINE: Overview FNMA/FHLMC FNMA/FHLMC Specifics What to Look For Pre-funding Review Post Closing Review Record Retention Lender Audit GSE Selection Significant Defects Mortgage Insurance Remedies to Defects Payment or Repurchase Red Flags: Loan Application Red Flags: Credit Report Red Flags: Income & Employment Red Flags: Assets Red Flags: Appraisal Report Red Flags: Sales or Purchase Contract Red Flags: Legal & Closing Documents Red Flags: Owner Occupancy Red Flags: Underwriting Decisions Red Flags: AUS Findings