RDK & Associates, Inc. can provide ongoing quality control reviews for mortgage loans. Quality control procedures are implemented to review 10% of transactions originated and are evaluated to assure the proper origination and closing of residential mortgage loans. RDK’s QC program assures that mortgage loans:
- comply with insurer and guarantor requirements;
- are acceptable to private institutional investors;
- conform to policies and procedures;
- comply with all HUD FHS Manual 4060 Chapter 6, and VA requirements; and,
- meet FNMA, FHLMC and specific investor requirements
RDK attempts to identify inadequacies, errors, or abuses relating to particular originating officers, processors, underwriters, appraisers, or other persons involved in the lending process so that prompt corrective action can be taken by this company. The QC process is established to evaluate, document and monitor the general quality of loans originated and expand the scope of quality control reviews when fraudulent activity or patterns of deficiencies are identified.
