I’m back with Part 2 of my recap of the panel discussion “Improving QC Strategies in Today’s Volatile Lending Market” that I participated in during the MBA’s 2022 Risk Management, QA, and Fraud Prevention (RMQA). You can look back through part one here, where I covered four key questions I addressed in the session. At the end of the discussion,…
I had the pleasure of speaking on the 2022 panel discussion, “Improving QC Strategies in Today’s Volatile Lending Market” during the MBA’s Risk Management, QA, and Fraud Prevention (RMQA) last week. My fellow panelists and I (Stephen W. Spies, CMB, Principal and Founder, at SWS Risk Advisors, Duane Gilkison, Senior Director, Credit Risk Management, for Fannie Mae, and moderator Brian…
In April, Fannie Mae® launched a new series of articles dedicated to helping their sellers strengthen their core quality control (QC) governance plans. The first installment covered the importance of a well-defined and thorough Fannie Mae QC Plan. In it, they laid out eight common gaps frequently missing in QC plans they audit. Below I share all eight and how…
In between the vendor due diligence support I manage for LoanLogics, I’m doing demos of our solutions to prospective clients on the regular. During those discussions, one of the features I’m always keen on pointing out, particularly to those looking for outsourced QC services, is the Audit the Auditor module in our loan quality management platform, LoanHD®. Audit the Auditor…
In recent years, my role at LoanLogics has expanded into responding to vendor due diligence inquiries for new and existing clients. While traditionally it has been larger banks that require an in-depth assessment, I’ve noticed an increasing amount of small to mid-sized financial institutions who too are asking the hard-hitting questions around information security (infosec). And, they have every reason…
I have been in the mortgage industry for nearly three decades. Those who don’t know me might be surprised to know I developed some of the industry’s first quality control (QC) technology. Those that do know me, know it’s in my blood. And so, with confidence I can say that no good quality control plan is complete without a written…
