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#2088927 - 07/20/16 02:16 PM notify investors of late QC reviews?
TJ-QC Offline
Member
Joined: Dec 2006
Posts: 64
sd
Has anyone been in a position where they had to notify investors that QC reviews were going to be late? I am going to recommend that we outsource the reviews going forward but for this month it would be too late to go that route. We no longer have the staff to complete the Compliance portion of the reviews.

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Audit
#2089020 - 07/20/16 07:19 PM Re: notify investors of late QC reviews? TJ-QC
osucpa Offline
Diamond Poster
Joined: May 2011
Posts: 1,406
Are you referring to the Quality Control review for you Mortgage lending function?

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#2089202 - 07/21/16 05:03 PM Re: notify investors of late QC reviews? osucpa
TJ-QC Offline
Member
Joined: Dec 2006
Posts: 64
sd
Yes

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#2089214 - 07/21/16 05:22 PM Re: notify investors of late QC reviews? TJ-QC
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,229
Galveston, TX
Won't that put you in violation of your investors agreement?
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2089291 - 07/21/16 07:42 PM Re: notify investors of late QC reviews? TJ-QC
osucpa Offline
Diamond Poster
Joined: May 2011
Posts: 1,406
Have you read your Investors Contract regarding the QC reviews?

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