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LOAN REVIEW
Quality Control
A robust Pre- and/or Post-Close Quality Control (QC) program is essential to a
company’s success and required for some qualifications, such as for FHA
origination. Maintaining a successful and cost-effective QC program can be
difficult with many factors involved: timeliness of results, recruiting (and
continued education of) experienced personnel, reporting, and cost management.
As the market leader in independent, loan level due diligence, Clayton is your
QC outsource solution to confirm whether loans have been underwritten to risk
tolerances, to guideline and program requirements (including FHA), and/or
whether they comply with federal and state regulations. By outsourcing to
Clayton, you’ll get an independent and objective assessment on the quality or
inherent risk of your loans and conformance to internal guidelines, policies and
procedures.
Pre- and Post-Close QC Services
Clayton has developed a comprehensive QC scope to meet the standards set
in the industry. You may customize this scope to align with your needs for Post
Close QC reviews. The standard scope includes:
- Sample Selection (random, statistical, adverse)
- Data Integrity
- Property Value Review
- Policies & Procedures
- Credit & Compliance Guideline/Regulation Adherence
- Fraud Review
- Reverifications
Reporting
When it comes to reviewing the results, our comprehensive and
multi-dimensional reporting, which leverages our categorized exception tracking
functionality, will enable you to clearly identify any problem areas you may
have, allowing you to make necessary adjustments. When using Clayton as an
ongoing QC solution, trend reports allow you to view the impact of changes made
to your processes based on Clayton findings.
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