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…
We’re back with part two of our series discussing how robust reporting from QC platforms, like LoanHD®, can address the gaps Fannie Mae sees in their lenders’ loan quality review plans and processes. If you missed part one about these loan quality insights in reporting, you can look back at the first four points addressed here. This new series begins…
The topic of the June Fannie Mae Quality Insider article discussed the significance of strong loan quality control (QC) reporting and nine common gaps the agency finds in its sellers’ QC plans. The stronger and more robust that your reporting tools are, the deeper your loan quality insights are. If you’re evaluating a new QC solution or audit service provider, the…
At LoanLogics we’ve been talking a lot about the latest mortgage industry trends with the hopes that it pushes the industry to do something different this year to effectively deal with them. As the reverification manager for the company, I too see and experience the impact of distinct trends during Pre-Funding, Pre-Closing, Post-Closing, Early Payment Default (EPD) etc, reviews in…
Late last year it was reported that the CFPB pumped up the number of enforcement attorneys on staff by double digits, ten percent. As typically happens with a new presidential administration, there’s been a new attitude in Washington toward the housing market. And there’s been no shortage of their presence since the change of guard. Last week, the CFPB…
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…
