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The Importance of proper sampling in
Mortgage Quality Control

by Bill Kaage

The Mortgage Industry as a whole tends to underplay the importance of Quality Control as a tool for a successful business. One could make a very strong argument that had all the mortgage bankers put a stronger emphasis on Quality Control the past few years we would not be in the “mortgage mess” that we are in today. I’m not going to focus on that though - if after everything the industry has been through – you are still not taking your QC seriously then there is nothing I can write here that will convince you. What we can talk about though is making your current Quality Control process better.    < Click Here for the Complete Story >



NEWS - Mortgage Quality Control, Mortgage Fraud, Mortgage Regulations
Looking Inside Your Institution: An Important Step In Combating Fraud
National Mortgage News - Washington,DC,USA
... reported mortgage fraud indictment, the daughter of an accused mortgage fraudster who worked for the lender would sign off on various quality control ...

US mortgage-fraud cost seen at $2.5 billion a year
Reuters - USA
NEW YORK (Reuters) - Losses from mortgage fraud such as lying on loan applications and inflated appraisals will cost the industry about $2.5 billion ...

Mortgage cons on the rise
Edmond Sun - OK,USA
EDMOND — In recent years the FBI has stepped up its investigation of home mortgage fraud. During recent investigations here in the Edmond market, ...

Identity Theft + Mortgage Fraud = Home Stealing
The Consumerist - New York,NY,USA
Scammers are combining identity theft and mortgage fraud to steal people's houses right from under them, the FBI warns. A few cases have been reported where ...

Fight Against Mortgage Fraud Lacks Funding
WNYC - New York,NY,USA
Proposed budget cuts will handicap the fight against mortgage fraud - that's according to the city's district attorneys. by Bob Hennelly NEW YORK, ...

Political Pendulum Swings Toward Stricter Regulation
Wall Street Journal - USA
Both advocates and foes of tighter regulation agree that high-profile breakdowns in quality control and accountability have fueled the pendulum swing away ...