Lenders Compliance Group®
Creating a Culture of Compliance®
MEMBER OF NATIONAL ORGANIZATIONS
ABA | MBA | NAMB | AARMR | MISMO | ARMCP | ALTA | IIA | ACAMS | IAPP | MERSCORP
- LCG Quality Control is an affiliate of Lenders Compliance Group, the first mortgage risk management firm in the country.
- All mortgage loan audits performed at our secure facilities. We provide detailed quality control reviews.
- Auditors evaluate each sampled loan file to determine whether the file meets applicable agency and program guidelines including, but not limited to: Fannie Mae, Freddie Mac, FHA, VA, USDA/RHS, FHLB, HECM, and HELOCs.
Core Audit Processes
- Random and targeted file selection using statistical, fixed, and discretionary protocols.
- A file documentation review.
- A compliance review.
- An underwriting review.
- A desk appraisal review.
- Re-verification of file documents generated by third-parties.
- A data integrity review.
- Obtain tax transcripts, as applicable, and compare them to the income documents in the file.
- Obtain a review credit report, as applicable, and compare it to the credit report in the file.
- Obtain a field appraisal review, as applicable.
- Summarize findings into a Credit Risk Analysis.
- A unique summary report for each audited loan file.
- Summary and detailed management reports that provide a comprehensive overview of all audits with current and historical trend analysis.