JMT Mortgage Consulting

A Quality Control Plan that Suits Your Business

Whether you are an independent broker or a mortgage banker, JMT Mortgage Consulting can help you develop a quality control plan that will keep your business compliant and aggressively manage your risk. An independent quality control review will enhance the salability of your mortgage loan, and protect you if you are buying a loan. 

There are two primary reasons that make quality control essential to mortgage banking; the nature of the origination transaction and lender liability.  If quality control functions are not contained in a separate division with its own employees and responsibilities, the integrity of the audit may be compromised.

JMT can develop an plan for your inhouse quality control to include:

- The lenders policy and procedures
- State and Federal Regulations, as stated by the Lender
- Investor Underwriting Criteria
- Insurer or Guarantor Requirements
- Regulation x - Real Estate Settlement and Procedures (RESPA)
- Regulation Z - Truth in Lending
- Regulation B - Equal Credit Opportunity Act (ECOA)
- Regulation C - Home Mortgage Disclosure Act (HMDA)
- Fraud
- Predatory Lending

Quality Control Outsourcing

JMTcan offer you an attractive alternative to in-house quality assurance review with our Quality Control Assurance  program.  Companies that do not require large numers of ther loans to be quality controlled on a monthly basis might find it more economical to utilize an external quality control program.  JMT can provice you with competent, objective third party quality control reviews without the possibility of influence in findings or reports. 

By outsourcing your quality assurance to JMT you will create greater expense efficieny for your company while receiving a fully compliant and professional program.  JMT will provide:

- Total compliance with Fannie Mae, Conventional, FHA and VA regulations
- Quality control costs adjusted proportionally to your production levels
- An economic alternative to an in-house quality control department
- Professional and Comprehensive reports to management
- The objectivity of an independent third party, which is highly recommended by FHA,VA, Fannie Mae and Freddie Mac
- Prompt turn around time