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#2264880 - 01/19/22 04:42 PM QC of construction loans post close
KC Offline
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Joined: Jun 2013
Posts: 22
Annapolis, MD
are constriction loans required to have 3rd party post close QC? is there some specific source that supports this? FNMA qc plan states ALL loans the lender has to offer in D1-3-01

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#2264914 - 01/19/22 10:56 PM Re: QC of construction loans post close KC
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,367
Galveston, TX
You are selling construction loans?
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2264919 - 01/20/22 01:32 PM Re: QC of construction loans post close rlcarey
KC Offline
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Joined: Jun 2013
Posts: 22
Annapolis, MD
yes, construction only and construction to perm loans sold on secondary market if they meet investor requirements and or held in portfolio as well.

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#2264923 - 01/20/22 02:39 PM Re: QC of construction loans post close KC
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,367
Galveston, TX
I have no idea what investors purchase construction only loans, so you would have to ask them regarding their QC requirements. Construction to perm loans are no different than any other secondary market loan and likely your investors require some sort of QC program.
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