July 21, 2011  - "News You Can Use" - Can't read this e-mail - click here

Who's Auditing Your Auditor?

It's a little known fact - if you are doing internal audits or using a third party service, you must audit THAT party's work at least annually. 

Clean Reviews - Good Quality Loans or Poor Quality Reviews?

We all love getting clean reviews - they tell us that we are doing a great job at producing clean loans, right?  Maybe.  What if the audit is missing major elements?  Would you rather find out about a problem when your investor issues a buyback or deficiency report? 

Missing the Point - Improve Your Procedures to Eliminate Problem Areas

One of the purposes of the production quality control plan is to identify problems before they become big problems.  Users of our Mortgage Management System will note that they are looking for the same things at the beginning of the process that they are at the end. 

Failure to continually modify your production quality control elements - checklists, procedures and employee duties - can result in deficiencies at the worst possible time: when markets make a major move and your sold loan gets re-priced. 

Let us give you a quote!

UPDATE CENTRAL

To access the NEW QUALITY CONTROL PLAN - online with immediate updates, you must subscribe to our update service.  For a limited time, it is FREE for 90 days. 

You will still receive notification of major changes at no charge, but our Document Management System now means you'll have the most complete, current version of the product at your fingertips.  We manage your product for you. 

MAJOR REVISION

Complete Product Upgrade - to organize the product in a more cohesive manner, we divided the compliance elements from the Quality Control Plan to create two separate modules.  In addition, we had FNMA and FHA reviewers edit the plan for compliance with requirements and made their recommended changes - more focus on Pre-Funding components, occupancy re-verifications, SSN verifications and many others. 

This means the Quality Control Plan will be ready to submit right out of the box .

Click here to subscribe and get your free plan upgrade!  (Current users only)

Pre-Licensing or Continuing Education

According to NMLS, fewer than 13% of all MLOs have completed their CE for 2011.

New Processor Training &

New Loan Officer Training - new updated courses available

Need a 24/7 Loan Officer  who doesn't demand high commissions or cut corners?

Banks and Credit Unions - Adding a mortgage division?FDIC and NCUA accepted policies and procedures. 

Looking for Lending Policies and Procedures?Complete customizable templates

Loan Officer/Processor Training - Books, Manuals and on-line Training - July 2011 E-Versions Now Available!

Production Managers -  FREE Training Site for basic introductory information

The Wholesale/Broker Correspondent Module - Complete Product

Third party originated transactions need special management.  Our Broker/Wholesale Module allows you to define how you conduct your 3rd Party Business. 

Keep in mind:

• We have every plan you need.

• We usually bundle related plans together, so that you get all the pieces you need, not just one

• Our pieces all fit together

MortgageManuals.com a division of QuickStart Mortgage Training Programs

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