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#1780524 - 01/28/13 10:00 PM quality control policy
jmysray1 Offline
New Poster
Joined: Dec 2008
Posts: 22
missouri
I was not sure where to post this, I am trying to get set up with a mortgage company to act as a correspondent lender (we are a State chartered bank) they are asking for our quality control policy, they indicated it was part of the respa reform
I have checked we dont have one, now I am wondering if we missed something entirely, any feed back would be appreciated
thank you in advance
Liz

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#1780536 - 01/28/13 10:18 PM Re: quality control policy jmysray1
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
What you may be looking for is the new requirements in Regulation X ยง1024.38, which will become effective 1/10/2014:

http://www.bankersonline.com/regs/12-1024/12-1024-038.html
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#1780643 - 01/29/13 02:40 PM Re: quality control policy jmysray1
RR Joker Offline
10K Club
RR Joker
Joined: Nov 2002
Posts: 20,656
The Swamp
jmysray1 - if you will pm me with your email address...I will send you a QC P&P from my old bank that may be helpful to you in your process of getting set up to sell.
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My opinion only. Not legal advice.

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