Loan Audit and Mortgage Quality Control Services

Loan Audit and Mortgage Quality Control Services

ISO 9001 and SSAE 16 Certified

Visionet Systems offers a wide range of digitally driven loan audit and mortgage quality control services. Our team of quality assurance auditors are highly experienced in underwriting, production management, and QC.

Visionet’s highly qualified personnel possess detailed domain expertise that takes them beyond checklist-based audits and allows them to perform in-depth analysis to detect potential fraud. Our QC specialists check whether all compliance factors are in place, expose what went wrong, indicate how often each issue occurred, and pinpoint each problem’s most likely source. A monthly summary lists actionable information for each audit.

Loan Quality Management Platform

We offer a service level guarantee to provide results within 30 days of receiving loan files. Our secure online platform is subject to periodic SAS 70 Type II and SSAE 16 audits, and displays all loan-level and document-level results in an easy-to- use and intuitive pipeline format.

Post-Closing Audit

Visionet Systems performs audits on all types of loans. We identify missing documents and inform clients of the underlying causes of various deficiencies within 24 hours.

Pre-Funding QC

We perform QC reviews and independently verify current employment and the existence of the employer for each borrower. Liabilities on the final application is compared with the original mortgage credit report. Occupancy of the subject property is verified for refinance transactions. Our QC experts verify:

  • Initial and final 1003
  • 1040 (if self-employed)
  • Appraisal
  • Borrower’s assets
  • Automated underwriting systems (AUS)
  • Credit report
  • All disclosures
  • Employer
  • Borrower’s employment
  • Fraud database
  • Other income
  • Subject property
  • Social Security Number (SSN)
  • Title commitment & mortgage

Loan Review and Due Diligence

  • Credit underwriting
  • Data integrity services
  • Legal document review
  • Mortgage fraud review
  • Non-performing loan review
  • Property valuation review
  • Quality control reviews
  • Regulatory compliance review
  • Seasoned loan services
  • Securitization solutions

Indexing and Stacking

We index and stack the loan file according to your requirements.

Post-Closing Review

During our post-closing reviews, we provide a complete report of exceptions, including disclosures and signatures with vesting information.

Loan Reviews for Servicing Companies

During our loan reviews for servicers, we check mortgage notes and modification agreements, and provide all required information to facilitate easy loan servicing.

For information about Loan Document Management Solution, please visit VisiLoanReview.