fha audit News

To help lenders understand agency requirements, Mortgage Compliance Advisors creates summary of Fannie Mae, Freddie Mac, and FHA quality control guidelines.

As the number of FHA loans rapidly increases, HUD stresses the requirement to implement and maintain a comprehensive quality control plan that follows FHA guidelines.

With mortgage rates at their lowest levels in over 20 years, brokers, retail lenders, wholesale lenders, banks, and credit unions are seeing increases in their mortgage pipelines. With this growth comes a need for sound quality control practices.