Quality Control / Lender Compliance
Today a lender's liability has never been greater, and quality control has never been more critical to helping lenders identify and mitigate risk. Loans are being audited by every party who has credit risk or default exposure. Agencies, FHA, VA, MI companies and investors are all taking an active role to ensure that lenders are in compliance with all guidelines, practicing prudent lending and using the results of their quality control programs to monitor their operations.
IngletBlair can provide you with a sound and objective quality control solution. Our quality control personnel are managed apart from your staff to maintain objective, independent results. Our underwriters will audit each loan file based on the guidelines and quality control standards for the applicable loan type. We only employ experienced, manual mortgage loan underwriter with an average of 16 years of underwriting experience. Additionally, our underwriters have DE and VA LAPP designations and are constantly kept up to date with the ever-changing world of rules and regulations.
Our quality control services include, but are not limited to:
- Quality Control Plan review
- Sample selection (random, adverse & discretionary)
- Loan-level data integrity review
- Document re-verifications
- Adherence to national, state and local lending laws
- Fraud reviews and 4506 Transcripts
- Lien searches
- Legal and closing documents and disclosure accuracy
- Automated underwriting verification and required documentation
IngletBlair has a strong belief that the strength of our company lies in the people we employ, but that has not prevented us from using state-of-the-art underwriting technology. Our PLUMS technology has the ability to capture and/or derive approximately 450 data elements and can provide tailored reports to meet the needs of each individual client.
Loan Closing Services
IngletBlair can provide you with a sound and objective quality control solution. Our quality control personnel are managed apart from your staff to maintain objective, independent results
IngletBlair's post closing services can be combined with our loan processing services or used separately. We will consolidate the credit and legal document files to ensure that a complete and properly executed files is delivered to your investor. IngletBlair will:
- Stack final final
- Perform a post closing audit on the close loan file
- Extract and send the original legal documents to your warehouse lender or custodian
- Ship file to investor
- Track and obtain trailing documents
Keeping abreast of the ever-changing compliance regulations issued by federal, state and local entities is a daunting task for which sever penalties can be imposed for compliance failures. Our web-based software is easy to use and allows your team to populated the necessary data points and test compliance immediately. Our compliance engine performs the same analysis as the buyers and sellers of your loans will perform. Our process will help ensure the salability of our loans. Our review includes:
- Federal laws such as HOEPA and Section 32
- Over/under disclosures of APR
- Predatory lending regulations
- RESPA disclosures
- TILA / Reg Z calculations
- GSE specific tests
- Right of rescission
- State high-cost test
- State specific prepayment penalties
- Payment stream re-calculation
Keep you underwriters focused on making lending decisions and let us do the time-consuming yet important aspects of gathering, coordinating, reviewing and completing the mortgage loan file. Whether you need additional resources during busy time or you need a complete outsourced solution, we can help you focus on getting loan closed. Our experienced team specializes in Conventional, FHA, VA and reverse mortgage loans.
Through our facility in Austin or at a client-specific site, IngletBlair can facilitate your backoffice fulfillment center needs. We will underwrite every loan, either pre-close or post-closing, to your specific guidelines. Depending on your needs, we can prcess, underwrite and close the loan on your behalf. Additionally, we will manage the document process to ensure you a complete credit and legal file.