Tag Archives: Quality Control

Under HR 7735, servicemembers, veterans, and their families will have increased access to more affordable, sustainable homeownership opportunities through the Department of Veterans Affairs.

“It is crucial to utilize professional-grade AVMs that can help identify potential racial bias in home valuations and to flag concerns of potential undervaluation of minority-owned properties,” said Eric Fox, Chief Economist at Veros.

After serving as Chief Risk Officer, 40-year industry vet transitions to CFO role to manage financial operations and strategy for full-service mortgage lender.

The Compliance Group, Inc., (TCG), a mortgage compliance and quality control services provider, has announced the hiring of Michelle Doyle as its new Director of Quality Control. Based in Carlsbad, California, TCG focuses on the compliance success of its clients, assisting financial institutions in mitigating risk and losses with its proprietary, patent-pending technology, and its core business solutions of compliance, quality control, and licensing.

ACES Risk Management (ARMCO), a provider of Web-based quality control software for the mortgage industry, announced this week the addition of new enhancements to its Web Audit Technology via integration with analytics software leader Tableau Software.

With less than one year left before the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA) disclosure rule goes live, a new survey finds more lenders are battling with increased loan costs as quality control becomes the top concern.

A federal appeals court has rejected an attempt by Wells Fargo to block a government suit alleging the bank falsely certified the underwriting credit of loans it originated as a direct endorsement lender for the Federal Housing Administration (FHA). In its attempt to have the suit dismissed, Wells Fargo argued the agreement outlined in 2012's National Mortgage Settlement barred the types of claims the government is now making.

BSI Financial Services, Inc., a privately held company specializing in residential mortgage servicing, subservicing, and quality control, announced the launch of BSI Client Asset Risk Evaluation System (CARES), an advanced loan quality control order management and process control solution.