Pre-funding Reviews: Audits conducted before loans are finalized to catch errors early.Post-closing Audits: Typically, a random sample of at least 10% of monthly production is reviewed within 90 days of closing to identify deficiencies.Compliance Checks: Ensuring adherence to regulations like TILA-RESPA, FDCPA, and ECOA.Servicing QC: Monitoring loan servicing activities, including escrow, payment processing, and loss mitigation.Technology
Pre-funding Reviews: Audits conducted before loans are finalized to catch errors early.Post-closing Audits: Typically, a random sample of at least 10% of monthly production is reviewed within 90 days of closing to identify deficiencies.Compliance Checks: Ensuring adherence to regulations like TILA-RESPA, FDCPA, and ECOA.Servicing QC: Monitoring loan servicing activities, including escrow, payment processing, and loss mitigation.Technology