To understand the trends of today’s market, we must first need to understand what got us to where we currently are. We need to ask ourselves how well did we do in mortgage loan quality control (QC) in 2011 and 2012?
While I cannot speak on using technology to lower your applications to close in a short amount of time because I am not a user of such technology, I can speak on what I see as a result of technology used in this manne
Since the Federal Housing Administration (FHA) changed the way correspondents and mortgagees are approved with their agency, there has always been confusion at both the broker and lender level on who performs the post
While executing the quality control audit and review of thousands of loans, we have noticed the consistency of some reoccurring problems during the mortgage origination application process, said Tommy A.
When the Housing Urban and Development no longer approved brokers according to ML 2011-02, brokers were quick to seek a net-branch model to avoid disclosure of their yield spread premiums to the borrower on the HUD-1