Quality Control Services

First American Mortgage Solutions offers a comprehensive suite of loan quality control services designed to help lenders and servicers balance their business objectives and thrive in today’s regulatory environment.

Agency Compliant Quality Control

Our quality control services satisfy agency requirements and achieve the highest loan quality ratings for multiple investors. Maximize turn-time efficiency with our highly skilled staff and multiple loan types and channels including:

  • Fannie Mae, Freddie Mac, FHA, VA and USDA loans
  • Correspondent, wholesale, retail and portfolio lending

To achieve Quality Control, we combine proven risk identification technology with seasoned lending professionals who can spot inconsistencies. At First American, we handle all of your Quality Control needs.

Our Quality Control Services

Origination Quality Control

Because our processes and solutions are designed and refined by industry experts – like certified fraud examiners and mortgage bankers, compliance lawyers and certified appraisers – we are the provider of choice for the mortgage industry and law enforcement.

Pre- & Post-Close Funding

We examine whether the file meets your and/or investor requirements to make sure the loan can be sold, insured and guarded against fraud. Standard review features include: core document, credit, collateral, title, compliance, investor guidelines, red flag identification, and re-verifications (Post Close only).

Servicing Quality Control

Our Servicing QC audits are comprehensive, easily deployed, and performed by a seasoned review team with a focus on addressing unique servicer, investor and regulatory needs while creating transparency in servicing operations.

Early Payment Default

First American completes a review of the loan to identify the possible reasons for early payment default with a focus on layering of risks and fraud, as well as determining whether the file met your and/or investor requirements.

TRID Audits

First American Mortgage Solutions has dedicated tremendous resources in coordination with lenders nationwide to adapt technologies, processes and procedures to handle TRID rules and requirements.

Incomplete, Denied, Withdrawn (IDW)

The IDW report identifies loan-level Fair Lending violations as defined by Equal Credit Opportunity Act (ECOA). The final risk rating is based on the highest risk rating of any exception discovered during the ECOA Compliance review of the loan file.

MERS Annual Reviews

Our annual MERSCORP Holdings, Inc. (MERS®) reviews include a comprehensive review of your quality assurance plan and procedures to identify any areas in which you are not compliant with the MERS compliance standards, including data standards.