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#1773427 - 01/08/13 07:06 AM Quality control cheklist for loan origination
JW QC Audit Offline
Member

Registered: 08/21/08
Posts: 50
Good Morning,

anyone have a quality control cheklist for loan origination that could share and e-mail me. thanks

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Audit
#1773453 - 01/08/13 08:40 AM Re: Quality control cheklist for loan origination [Re: JW QC Audit]
Skittles Offline
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Registered: 09/10/02
Posts: 13079
Loc: TN
I sent you a PM.
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#1773458 - 01/08/13 08:48 AM Re: Quality control cheklist for loan origination [Re: JW QC Audit]
JW QC Audit Offline
Member

Registered: 08/21/08
Posts: 50
Thank You!!!!

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#1775610 - 01/11/13 03:59 PM Re: Quality control cheklist for loan origination [Re: JW QC Audit]
lbbanker Offline
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Registered: 08/30/07
Posts: 144
Loc: Tennessee
Just Skittles,
I would love one too please. Thanks.

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#1775611 - 01/11/13 04:05 PM Re: Quality control cheklist for loan origination [Re: JW QC Audit]
Beachbum, CRCM Offline
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Registered: 12/14/06
Posts: 473
Loc: Knee Deep in Regs
me too smile
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#1775757 - 01/12/13 11:43 AM Re: Quality control cheklist for loan origination [Re: Beachbum, CRCM]
mlongbons Offline
Junior Member

Registered: 06/20/12
Posts: 28
I would like one too! Please and thank you.

mlongbons@bankofwolcott.com

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#1776079 - 01/14/13 02:45 PM Re: Quality control cheklist for loan origination [Re: mlongbons]
Here4Life Offline
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Registered: 02/09/10
Posts: 110
I would like one too, please! Thanks!

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#1776095 - 01/14/13 03:28 PM Re: Quality control cheklist for loan origination [Re: JW QC Audit]
Skittles Offline
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Registered: 09/10/02
Posts: 13079
Loc: TN
Sorry - I was out a couple of days last week and missed these requests. The document I have is actually a 'Pre-closing checklist' for real estate loans. This was recommended by the FDIC at their last exam and is for the loan officer's and processor's to use prior to loan origination to verify they have all of the information needed. I'll e-mail it to you; however I need your e-mail address. Mlongbons - obviously I have yours.
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#2114337 - 01/16/17 03:50 PM Re: Quality control cheklist for loan origination [Re: JW QC Audit]
ScoutLaRue Offline
Member

Registered: 07/08/16
Posts: 60
Resurrecting an old thread.. I'm on the hunt for a checklist for our team. Anyone willing to share what they are currently using for LOs/Processing?

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#2119001 - 02/21/17 02:30 PM Re: Quality control cheklist for loan origination [Re: JW QC Audit]
ScoutLaRue Offline
Member

Registered: 07/08/16
Posts: 60
anyone?

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#2119002 - 02/21/17 02:42 PM Re: Quality control cheklist for loan origination [Re: JW QC Audit]
Norman Paperman Offline
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Registered: 08/07/12
Posts: 1433
Loc: 48.934476, -114.343735
Someone might share, but most users here tend to view internal documents as proprietary. Might be better to ask for advice on what to look for, what areas to cover, etc. rather than asking for the whole enchilada.
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#2119028 - 02/21/17 04:17 PM Re: Quality control cheklist for loan origination [Re: JW QC Audit]
CULady Offline
Gold Star

Registered: 09/13/07
Posts: 464
Loc: WA
I would start with policy and procedures, then move on to documents. Most of the items that would show up on a checklist should be covered in those areas.

So go through loan policies and procedures and see what is suppose to be done. For us, a credit report is to be pulled and must be within 60 days of funding date, add that to the checklist. We have operating procedures that cover how long funds need to be on deposit before doing a savings secured loan, so that would go on the checklist. Then move on to what are the required documents for each loan type. All loans would have an signed application, funding docs, etc.

We have a customized checklist for vehicle loans, personal loans, savings/cd secured loans, credit cards and indirect vehicle loans.

After you start reviewing a few, I think you will get an idea of what you are looking for. For us, it is an always moving target, so whatever you create, just be sure to be flexible and willing to make changes to it.

Hope this helps a little! smile

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#2119051 - 02/21/17 07:21 PM Re: Quality control cheklist for loan origination [Re: JW QC Audit]
MBTCompliance Offline
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Registered: 04/18/15
Posts: 244
CULady said it well. We incorporated our internal lending policies/procedures, state-specific documents, and federal regulatory requirements into our own unique checklists. We used David Dickinson's Real Estate Loan Matrix (http://www.bankerscompliance.com/assets/files/documentation/REMatrix-10.1.pdf) and Loan Checklists (http://www.bankerscompliance.com/assets/files/documentation/RE-Checklists-(Version-2.1).doc) to help incorporate the federal regs. Our compliance external auditors provided guidance as well.

Ours are separated based on consumer vs. commercial/ag purpose and by collateral. For example, we have a consumer improved real estate, consumer initial construction, consumer title/UCC, consumer land only, consumer home equity line of credit, consumer unsecured, consumer deposit-secured, commercial/ag real estate, commercial/ag title/UCC, etc.

We update them often. For example, if there are new regs, loan review or compliance review finds we are missing items, etc.

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#2145001 - 09/06/17 02:53 PM Re: Quality control cheklist for loan origination [Re: Skittles]
t0dd Offline
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Registered: 09/28/04
Posts: 140
Would it be possible for me to get a copy of the Quality Control Checklist?

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