Cars, trumpets, measurement devices, and now the loan quality control process are a few of the common calibrations we need to perform to ensure high standards in execution. Starting in 4Q 2022 and rolling out more robustly next year, Fannie Mae® announced that the agency will begin calibrations with its customer base to understand the precision and accuracy of a…
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…
Earlier this month, I spoke with MReport about the balancing act our industry is performing to keep up with internal and external pressures in the two-part series titled, “Mortgage Tech Update, Part 1 and Part 2.” Given we are midway through 2022 and still adjusting to changing mortgage market trends and the role of technology top of mind for many,…
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…
