Quality Mortgage Services Adds HMDA Data Audits to Its Services – NMP Skip to main content

Quality Mortgage Services Adds HMDA Data Audits to Its Services

NationalMortgageProfessional.com
Mar 11, 2015

Quality Mortgage Services LLC (QMS) has announced that it is incorporating a new HMDA Data Audits service to its line of mortgage banking audits for banks and mortgage lenders.

“We are pleased to be able to offer financial institutions the support to assist them in staying compliant with their HMDA Data LAR report requirements,” said Tommy A. Duncan, CMT, QMS CEO. “Our programmers are working on the implementation of the HMDA auditing tool as part of the MARS (Mortgage Analyst Review Software) technology. HMDA clients will have reporting and analytical tools available at their fingertips via the MARS portal.”

QMS currently provides companies with Post-Closing QC, Pre-Funding, MERS and MARS (Mortgage Analyst Review Software). QMS HMDA Audits include: Data Entry, Scrub for Data Validation and HMDA report corrections.

Published
Mar 11, 2015
CFPB Seeks Insight On Creating A Fairer Mortgage Market

The Consumer Financial Protection Bureau has been actively looking to create a fairer mortgage market, free of discriminatory engagements. To do so, it issued a Request for Information to seek input on rules implementing the Home Mortgage Disclosure Act.

Regulation and Compliance
Nov 17, 2021
Regulators Renew Effort to Protect Against Foreclosures

CFPB, The Fed, FDIC and other agencies will watch for compliance with COVID-19 protections

Regulation and Compliance
Nov 10, 2021
Fed To Begin Tapering Asset Purchases by 14.3% This Month

Also sets target range for the federal funds rate at 0 to 1/4%.

Regulation and Compliance
Nov 03, 2021
CFPB Cracks Down On Discriminatory Credit Reporting For Black And Hispanic Consumers

Consumers in majority Black and Hispanic neighborhoods are far more likely to have disputes appear on their credit reports. 

Regulation and Compliance
Nov 03, 2021
CFPB Names 2 New Assistant Directors

Former Obama Administration officials will lead Supervision Policy, Enforcement divisions.

Regulation and Compliance
Oct 29, 2021
FHFA Proposes Extra Disclosure Rules For Fannie, Freddie

The proposed rule for the Enterprise Regulatory Capital Framework seeks to put Enterprises on a "level playing field" with U.S. banking requirements.

Regulation and Compliance
Oct 28, 2021