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.
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Incomplete, Denied, Withdrawn (IDW)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. Learn More ›