Loan Audit & QC

Loan Audit & QC

ISO 9001 and SSAE 16 Certified

Post Closing Audit

We Audit all types of Loans. We identify the missing documents, and inform within 24 hrs those that might be the root cause of all deficiencies.

At Visionet Systems we have a team of Quality Assurance Auditors with experience in Underwriting, Production Management and Quality Control. We have Qualified personnel whose knowledge base takes them beyond a check list method need because we preferauditors who know how to analyze in depth and detect fraud.

Our QC specialists check whether all the compliance factors are in place. We send a Static monthly summary with actionable information performed on each audit, we expose what went wrong, how often it happened and person who is most likely to be responsible for having created the issues.

Loan Quality Management Platform

  • A service level guarantee to provide results within 30 days of receipt of loan files
  • Secure On-Line Platform: Subject to periodic SAS70 Type II / SSAE 16 audits, web-hosted platform that displays all loan and document level results in an easy to use, intuitive, pipeline format

Pre Funding

QC review and independently verify the existence of the employer and the current employment of the borrowers. The liabilities on the final application will be compared with the original mortgage credit report. If the transaction is refinance, occupancy of the subject property will be verified.

We Verify:

  • Credit Report
  • Employer
  • Borrower’s employment
  • Subject Property
  • Borrower’s Assets
  • SSN
  • Fraud Data base
  • Initial & Final 1003
  • 1040 if self employed
  • All disclosures
  • AUS
  • Appraisal
  • Title commitment & Mortgage
  • Other Income

Loan Review & Due Diligence

  • Securitization Solutions
  • Credit Underwriting
  • Property Valuation Review
  • Regulatory Compliance Review
  • Mortgage Fraud Review
  • Data Integrity Services
  • Legal Document Review
  • Seasoned Loan Services
  • Non-Performing Loan Review
  • Quality Control Reviews

Indexing & Stacking

We Index and Stack the loan file as per your requirements.

Post closing reviews

  • We do a Post closing review
  • We provide a complete report of exceptions, such as Disclosures, Signatures with vesting information

Loan review – Servicing

  • We review Loan for servicing companies
  • We check Mortgage, NOTE, Modification Agreement and provide the required information so that loans can be serviced with ease