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Quality Mortgage Services to Compliment Fannie Mae's Requirements
Aug 15, 2013

Quality Mortgage Services LLC has announced that it is ready to serve the mortgage banking industry by offering a solution to complement Fannie Mae’s recent requirement to review 10 percent of loans reviewed by quality control (QC) vendors. Quality Mortgage Services is doing so by quickly ramping up its proprietary software called Mortgage Analysis Review Software or MARS, to enable the performance of these audits within the MARS portal in order to allow risk compliance officers of organizations to manage all reporting and comparisons. “We are able to immediately respond to technology and process demands in the industry through QMiS Systems, a subsidiary of Quality Mortgage Services” said Tommy Duncan, company CEO. Because of QMiS Systems, we are better equipped to fulfill the needs of our customers in an industry that is currently experiencing many changes in regulatory and agency policy QC requirements. The new MARS features include: Re-Underwriting Section, Red Flags check lists for various loan components, Desk Review check list, Regulatory Compliance check list, Editable Pre-Defined findings/defects, Comparison Report between audits , Standardized letters for performing re-verifications, and other customized components as requested by client.
Aug 15, 2013
Feds Reviewing Appraisal Standards, Qualifications

Appraisal Subcommittee said requirements are being reviewed to determine whether they ensure and promote fairness, equity, objectivity, and diversity, in both appraisals and in the training and credentialing of appraisers.

Regulation and Compliance
Oct 20, 2021
​​​​​​​FHFA OK's Desktop Appraisals, Expands Refi Criteria

The Federal Housing Finance Agency (FHFA) said Monday it will take two steps to help make home ownership more affordable and sustainable for mortgage borrowers, especially for those in underserved communities. 

Regulation and Compliance
Oct 19, 2021
CFPB Names 4 To Key Senior Positions

The appointees include two who helped create the bureau and two who served on the CFPB staff during the Obama administration.

Regulation and Compliance
Oct 14, 2021
FHFA Raises Enterprises' Multifamily Loan Purchase Caps

The Federal Housing Finance Agency (FHFA) said the 2022 multifamily loan purchase caps will be $78 billion for each Enterprise, for a combined total of $156 billion to support the multifamily market.

Regulation and Compliance
Oct 13, 2021
CFPB Hits AAG With Complaint For Deceptive Marketing Of Reverse Mortgages

The Consumer Financial Protection Bureau filed a complaint and proposed consent order, which alleges that American Advisors Group (AAG) used inflated and deceptive home estimates to attract reverse mortgage consumers.

Regulation and Compliance
Oct 12, 2021
Waterstone Mortgage Names VP Of Compliance

Waterstone Mortgage Corporation named Kris Barros as the company's vice president of compliance.

Oct 08, 2021