Outsource Post-Closing QC Audit Services
Our end-to-end back office support for post-closing mortgage audit ensures accuracy and compliance to regulatory requirements
Expert Mortgage Assistance has over 10 years of experience in providing lenders with robust back office support for post-closing mortgage audits. Our services comprise of meticulous quality analysis and review processes that ensure that your mortgage loan approval process adheres to all the regulatory requirements of government-sponsored enterprises. As a premium Mortgage quality control company, our mortgage audit after closing services enables you perform vital tasks like loan default reviews, mortgage file review and denied loan reviews and compile an in-depth oversight of the client files
Our services comprise industry standard procedures that conduct an extensive audit based on a predetermined mortgage post-closing QC audit checklist. Our systematic approach to post-closing audits enables us to identify discrepancies with the loan information and flag it at the right time as well as initiate a re-underwriting process, if need be. Our clients prefer to outsource post-closing quality control services because of our established process and diverse experience in discharging this critical function.
Our Comprehensive Post-Closing Mortgage Audit Services
QC audit and Review of all Loan Documents
We adopt a checklist-based approach to review all the loan documents. These include documents such as, property information, appraisal information and the underwriting report etc. Our experts scan these documents to uncover misrepresentations and errors. With a meticulous level of review we aim to ease your workload and help you focus on other specific revenue generating tasks. Besides guaranteeing accuracy and efficiency, we also help you reduce the operational costs involved with the post-closing QC audit process.
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Risk and Data Integrity Analysis
We understand that the smallest of mistakes in recording data can lead to serious legal consequences. To help you avert such possibility, we have developed a multi-tier document verification system to ensure there is no compromise with data integrity. In case of any discrepancies, we flag it and recommend a review so that flawed assumptions can be rectified.
Full compliance Review
As a premium mortgage company, we keep ourselves abreast of all the latest regulatory changes introduced by the compliance bodies. We make it a point to optimize our services according to these changes. It is because of this strict adherence that our post-closing mortgage audits are always in line with updated regulatory changes. This will ensure you always remain on the right side of compliance requirements.
Credit Analysis
We document and generate reports on the individual profile of the client after a thorough assessment of their creditworthiness. Our approach to credit analysis greatly brings down your risk associated with the mortgage loan approval. The accuracy of our analysis will eliminate the chances of on-boarding a bad loan.
Asset Re-Verification and Tax Transcripts
We verify the value of the collateral in detail to ensure that the loan amount that is being funded is not more than the value of the asset. We undertake the review of all taxes filed on the property to ensure that you do not have to bear the costs of any outstanding taxes on the asset. Our detailed approach to mortgage post-closing quality audit protects you from incurring unnecessary costs with the loan approval process.
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Why Outsource Mortgage Post-Closing QC Audit Services to Expert Mortgage Assistance?
As a global mortgage post-closing QC audit company, we are made up of a team of mortgage experts who are proficient in the use of the latest cutting-edge technologies that facilitate high-quality levels with post close audits. We instate review features that examine core document, credit, compliance, property title and compliance aspects of the mortgage loan. Our well defined back office support structure is the result of close to a decade of learning and adapting to the changing trends in the mortgage business. We closely monitor and follow the changes in Fannie Mae, Freddie Mac, FHA, USDA and other major GSE regulations. This enables us to make well-informed decisions during the audit process while at the same time ensure loan process efficiency. Our audit services also mitigate all risks associated with the underwriting process.
The following are some of the benefits of employing our services:-
- 10+ years of experience in providing robust back office support for post-close QC Audits
- A team of 1000+ mortgage experts with extensive experience in auditing loans
- Multi-tier information review process to ensure high quality levels in the audit process
- Dedicated compliance team to understand and implement changes GSE guidelines
- Post-closing QC audit services based on industry best practices
- Use of latest CRM systems with advanced, document management and data management features
- Up to 30% reduction in operational costs and turnaround time
Looking for an experienced post-closing QC audit company to handle your audit process? Outsource mortgage audit after closing services to Expert Mortgage Assistance.
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Maintaining Excellence in Post-Close QC Audit Services: Key Skills and Expertise
Bachelor’s degree in Finance, Business Administration, or a related field with 3–5 years of experience in quality control and post-closing audits for the mortgage industry.
Proficient in implementing and adhering to investor guidelines from FHA, VA, Fannie Mae, Freddie Mac, and HUD to ensure loan file compliance post-closing.
Skilled in verifying critical loan documents, including income, assets, and credit checks, against underwriting guidelines and regulatory requirements to identify discrepancies.
Thorough understanding of RESPA, TILA, HMDA, and TRID requirements for mortgage documentation, ensuring adherence during post-close audits.
Proficient in using automated tools like Encompass, ACES, and LoanSphere QC for efficient loan file auditing and reporting.
Experienced in detecting potential fraud patterns, such as misrepresentation of borrower information, using advanced analytics and red flag identification techniques.
Expert in assessing data consistency across loan origination systems (LOS), appraisal reports, and closing disclosures to ensure integrity and accuracy.
Skilled in identifying post-close risks, such as regulatory non-compliance and underwriting errors, and implementing corrective action plans to mitigate these issues.
Adept at managing high-volume audit pipelines while maintaining accuracy and ensuring on-time delivery of audit results to clients or investors.
Proficient in generating comprehensive audit reports and actionable insights for lenders, ensuring transparency and improvement in mortgage quality.
Experience in leveraging RPA and AI-driven tools for automating repetitive QC processes, reducing turnaround times and enhancing accuracy.
Works collaboratively with underwriting, origination, and servicing teams to resolve post-close discrepancies and improve audit readiness.
Conducts training sessions for internal teams on evolving QC standards, investor guidelines, and regulatory changes to ensure compliance and preparedness.
Utilizes Six Sigma and Lean methodologies to streamline audit workflows and ensure consistent high-quality outputs.
Maintains up-to-date knowledge of industry trends, regulatory changes, and GSE updates to refine audit processes and maintain compliance.
A Comprehensive 7-Step Process for Post-Close QC Audit Services
Gather lenders’ audit requirements and mortgage data to establish the scope and objectives of the post-closing QC audit process.
Perform an initial analysis of mortgage documents to check for missing data and basic compliance with lending standards.
Validate the accuracy of financial details, including income, assets, and liabilities, against supporting documents for consistency.
Conduct a thorough review to ensure documents comply with regulatory standards and flag any risks or discrepancies.
Prepare a detailed report outlining findings, risks, and recommendations for corrective measures to aid lender decision-making.
Rectify identified discrepancies, revalidate corrected data, and conduct a secondary review for quality assurance.
Deliver an accurate, comprehensive audit report and provide support for implementing recommendations or addressing lender queries.
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Advanced Software Tools for Post-Close QC Audit Services
- Encompass by ICE Mortgage Technology
- LoanLogics
- QC View by ACES Quality Management
- Black Knight’s Empower
- ComplianceEase
- DocMagic
- MERS (Mortgage Electronic Registration Systems)
- CoreLogic
- RiskSpan
- E-Closing by Simplifile
FAQs on Post-Closing QC Audit Services
Our post-closing mortgage QC audit services cover a detailed examination of loan documentation to ensure compliance with underwriting guidelines, regulatory standards, and investor requirements. This includes thoroughly reviewing credit documentation, asset and income verification, collateral evaluation, and closing disclosures. We employ advanced auditing software to identify discrepancies, assess risk factors, and confirm data accuracy across all documents, helping lenders maintain loan integrity and minimize repurchase risks.
Pricing for post-closing QC audits is determined based on factors such as loan volume, audit scope, and level of detail required. We provide a flexible, transparent pricing structure that reflects the intensity of each audit, whether it involves a standard review or a more extensive compliance analysis. We offer scalable pricing models for high-volume audits or ongoing QC needs that ensure cost-effectiveness without compromising audit quality or accuracy.
Turnaround times for post-closing QC audits vary depending on loan complexity and audit scope, typically ranging from 5 to 15 business days. Our team leverages automated workflows and predefined audit templates to streamline document review, enabling quick identification and resolution of discrepancies. For urgent requests, we offer expedited audit services to prioritize critical compliance checks and minimize delays in the loan process.
Our post-closing mortgage QC audit services adhere to regulations and guidelines from agencies such as Fannie Mae, Freddie Mac, HUD, and the CFPB. We comply with standards including the TRID (TILA-RESPA Integrated Disclosure) rule, Fair Lending regulations, and other investor-specific requirements. Following these protocols ensures our audits meet federal and state compliance standards, reducing risk exposure and safeguarding lender reputation.
We can handle large-scale post-closing QC audit projects involving high loan volumes and varying loan types. Our team of QC specialists and robust auditing software allow us to efficiently manage extensive audits, maintain data accuracy, and ensure compliance across all reviewed files. With scalable processes and advanced quality control practices, we deliver timely and reliable audit results, regardless of project size or complexity.
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