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Quality Mortgage Services expands with the addition of Sherrie Reed
Quality Mortgage Services LLC Executive Vice President Tommy Duncan, CMT has announced the company will be expanding its services to include mortgage servicing to its current and perspective client...
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How do you and your company combat fraud?
Being that my company, Quality Mortgage Services LLC, is a compliance company, we help many mortgage companies combat fraud. The first thing that a company must have in place is a commitment to...
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Going green and stamping out fraud
The quality control and fraud detection arena is excited about the “going green” concept for the mortgage industry because it is leading the way for a decrease in mortgage fraud, such as identity theft...
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A look at quality control at the halfway mark of 2010
We are in the first six months of 2010 and I am beginning to see the trends that are taking place in the industry as a result of post closing quality control audits. The industry is still looking good...
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Credit score gaps narrow for FHA loans: Quality Mortgage Services
The credit score gap for 2010 loans through the Federal Housing Administration fell 43 points from 2006 levels, according to Quality Mortgage Services.The mortgage quality-control services firm said...
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Quality Mortgage Services Survey Finds Credit Unions at the Top of Quality...
Credit unions have been found to have the highest loan quality to date in 2010, based results of post-closing quality control audits performed by Quality Mortgage Services LLC, a national compliance...
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U.S. Slaps Deutsche Bank With $1 Billion Buyback for MortgageIT Loans
U.S. Attorney Preet Bharara has filed a mortgage fraud suit in U.S. District Court in Manhattan against Deutsche Bank and its subsidiary, MortgageIT. The suit claims that MortgageIT lied about the...
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SEC Proposed Rule to Require Underwriting Standards on MBS by Due Diligence...
The Securities & Exchange Commission (SEC) has voted unanimously to propose new rules and amendments intended to increase transparency and improve the integrity of credit ratings. The proposed...
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Who is Responsible for Post-Closing QC on FHA Loans?
Since the Federal Housing Administration (FHA) changed the way correspondents and mortgagees are approved with their agency, there has always been confusion at both the broker and lender level on who...
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Is Mortgage Technology Really the Wave of the Future?
While I cannot speak on using technology to lower your applications to close in a short amount of time because I am not a user of such technology, I can speak on what I see as a result of technology...
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Appraisal Quality Control Is No Longer Optional for AMCs
The recent lawsuits filed by the Federal Deposit Insurance Corporation (FDIC) against two appraisal management companies (AMCs) highlight the need for AMCs to be performing thorough quality control...
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Quality Mortgage Services Opens U.S.-Owned QMiS Systems for Business...
Quality Mortgage Services LLC has announced the opening of QMiS Systems, a provider of Knowledge Processing Outsourcing (KPO) and Business Processing Outsourcing (BPO) designed to serve the financial...
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Quality Mortgage Services to Compliment Fannie Mae's Requirements
Quality Mortgage Services LLC has announced that it is ready to serve the mortgage banking industry by offering a solution to complement Fannie Mae’s recent requirement to review 10 percent of loans...
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Quality Control Trends Positively Impacting the Market
To understand the trends of today’s market, we must first need to understand what got us to where we currently are. We need to ask ourselves how well did we do in mortgage loan quality control (QC) in...
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Is Refi Ready for a Revival?
The long-dormant refinance side of the mortgage market saw a blip of new life last week, and a new effort to raise public awareness of federal refinance efforts is poised to stir increased activity in...
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