Mortgage Quality Assurance checkpoints inserted throughout the loan origination process can increase loan quality and minimize the risk of repurchase, fines, penalties and losses. Quality is managed and controlled early in the pre-close audit process, which reduces defect remediation later in the process.
Through the LoanHD® Loan Quality Management platform, quality assurance becomes an automated routine. The efficiencies enabled for audit staff can allow them to provide results within 24 hours or less. Compared to manual internal audits or other third party audit services, productivity can be doubled and costs reduced.