The audit process doesn't have to be a puzzle. Here's what to expect.
“Audit” may seem like a scary word, but the process doesn’t need to be distressful or mysterious.
We conduct audits to make sure that loans are manufactured according to our expectations. Audits help us ensure that:
Audits have some advantages. They offer rescission relief and can help you identify opportunities to correct potential gaps in your loan manufacturing process. And a healthy audit culture helps everyone in the mortgage industry stay compliant with regulations.
Every lender has a chance of being randomly selected. If you’re selected for an audit, we want to make sure there are no surprises. We’ll walk you through the process every step of the way.
Here’s what to expect:
Learn about the types of loan documents we may request:
Find instructions for submitting loan files securely through our Secure File Transfer site:
Find your account representative or contact Quality Control directly: