Helping change your focus to see more business.

Problems that seem small can eat away at the value of your business and ultimately your professional reputation. Unlike the larger companies, we work closely with you as your partner to spot errors and trends that can lead to costly mistakes.

Our hands-on approach takes a load off your mind.

Our quality control staff performs reviews and provides a complete analysis of credit, collateral and compliance. From pre-funding to post-closing we ensure that all loan file selections are structured to comply with investor and agency requirements and guidelines.

We accept loan files and other imaged documents via file transfer protocol (SFTP) or through the BlitzDocs system. We are a Certified Due Diligence and QC Provider with Xerox Mortgage Services BlitzDocs, a secure paperless imaging platform.

Our online communications portal allows our clients to interact and communicate with us electronically once each loan review is completed, while ensuring you get a hands-on approach that’s better hands down. But we don’t just hand the results over to you. We give you background on how we got there using a state-of-the-art software system that’s cutting edge, not cookie cutter.

Pre-funding quality control loan reviews

Our pre-funding (pre-closing) quality control loan file reviews, which we provide within 24 – 48 hours of receipt, assist in identifying and reducing errors before the loan closes. Regulatory Solutions performs pre-funding quality control loan file reviews to ensure loans meet applicable agency requirements for collateral, credit, compliance, and capacity of mortgage loan applicants. Our pre-funding quality control loan file reviews include:

  • Validation that certain required documents are in the loan file and are complete and that the data relied on by the client making the underwriting decision is accurate.
  • Validation of information in the application and credit report.
  • Integrity of data entered into an automated underwriting system.
  • Review of Income calculations and supporting documentation and employment documentation, including verbal verification of employment.
  • Review of assets needed to close or meet  reserve requirements.
  • Appraisal validation
  • Red Flags review
  • Occupancy intent
  • Eligibility criteria
  • Verification that required disclosures are in the file.

Post Closing reviews

Using cutting edge technology, we complete a full and comprehensive review of every mortgage loan, carefully evaluating and monitoring the overall quality of your mortgage loan’s production. Our comprehensive approach and checklist system complies with guidelines in accordance with all loans types from conventional (Fannie Mae, Freddie Mac) to government (FHA, VA, USDA/Rural Housing) as well as the Federal Home Loan Bank. Our reviews are completed in accordance with Agency guidelines, federal and state regulatory requirements and any special documentation that is unique to your business. Our Post Closing quality control loan file reviews include a full review of each loan file to ensure compliance with:

  • Client’s Quality Control Plan including policies and procedures.
  • Fannie Mae, Freddie Mac, FHA, VA, Rural  Development, and Federal Home Loan Bank’s  investor guidelines and requirements including agency documentation requirements and insurer and guarantor requirements.
  • Evaluation of underwriting decisions and approval conditions and review of underwriting supporting documents.
  • Comprehensive compliance review to determine compliance with applicable federal and state laws and regulations and with investor and agency compliance and closing requirements.
  • Review of disclosures for accuracy by comparing them to source documents and allowing for timing requirements.
  • Verification of the existence of all required legal and other required documentation that should be in the file.
  • Field and/or desk review of appraisals.
  • Reverifications are performed of all employment, income, credit reports, deposits, assets, tax returns, and other information as required on each loan file.
  • Checks for fraud and red flag Indicators.

Servicing quality control loan reviews

Our servicing quality control loan reviews cover loan level testing of servicing functions including:

Early payment defaults

Regulatory Solutions performs reviews of any loan that becomes an Early Payment Default (as defined by the Agency or private investor guidelines) within the time limits specified by the Agency or private investor to assess the reasons for default, to see whether the loan originated in compliance with investor guidelines and to determine if fraud was involved.

Our early payment default reviews include:

  • Reverification of income and employment
  • Review of sources of funds and credit reports
  • Appraisal review
  • Review of loan eligibility requirements

Denied and withdrawn file reviews

Withdrawn and denied loans are reviewed to ensure that the applicable Fair Lending laws are followed including the Fair Housing Act and the Equal Credit Opportunity Act, Regulation B, the Real Estate Settlement Procedures Act, and Regulation Z. The review determines if the reasons for rejection were valid for the loan being denied, if the loan files were properly documented in accordance with all regulatory requirements, and that any required policies were provided to all borrowers within the required time period.

“Our clients love our custom reports package which provides meaningful information based on their individual needs. On top of that, we are always accessible to review our findings.”

We have the lock on peace of mind.

In our state-of-the-art facility in Birmingham, Alabama, we abide by the highest security standards set by the industry to set our clients’ minds completely at ease. Our secure office suite remains locked at all times with access controlled by an electronic badge system and monitored by a third-party security vendor 24 hours a day, 7 days a week.