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Mortgage Compliance, Mortgage Loan Quality

It’s time to amp up loan quality checks, and not just because “they” say so

As we’ve written about before, on March 1st Fannie Mae announced two changes to their quality control requirements. Both will be effective September 1st, 2023. These changes move quality checks up in lenders’ origination processes. Why? Because it makes sense to look at high risk loan characteristics and make sure loans in the pipeline are quality checked before they are…

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