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#1197818 - 06/09/09 01:53 PM FHA Quality Control Review/Audit
Skittles Offline
10K Club
Skittles
Joined: Sep 2002
Posts: 13,963
TN
We are implementing this procedure and need a little guidance, if at all possible. Could anyone help us with procedures, please?
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Audit
#1198569 - 06/10/09 02:06 PM Re: FHA Quality Control Review/Audit Skittles
edAudit Offline
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edAudit
Joined: Jul 2008
Posts: 4,781
You are here
As you have not had any posts

We do not have a FHA but for my Mortgage QA (work in process) I found the Freddie Mac site helpful
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#1198750 - 06/10/09 04:03 PM Re: FHA Quality Control Review/Audit edAudit
Fallgirl Offline
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Fallgirl
Joined: Mar 2005
Posts: 432
Wisconsin
We've developed a QC audit program for FHA based upon procedures required by Freddie Mac. We look at a sample of 10% at least quarterly. Our review includes appraisals, applications, verifications and reverifications, other misc. documentation and underwriting. I think if you follow the procedures required by Freddie you should be okay.

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