Quality Control

Get the competitive edge with NLS' independent QUALITY CONTROL PROGRAM designed to fit your specific business environment. Our fees are an economical alternative to in-house fixed overhead. NLS third-party review lends credibility to your portfolio and ensures up-to-date compliance information. Our program meets the guidelines for FHA, VA, FNMA, FHLMC, and Private Investor Products.

NLS' staff of experienced Underwriters are knowledgeable in multi-state regulations and will prove to be a valuable resource. Our comprehensive audit and management reports will enhance your planning process and provide tools to pinpoint and address deficiencies for training. The timeliness of our reporting will meet your deadlines. Our reports summarize current and year-to-date information.

ORIGINATION

Loan file selection will be representative of your full product line for a twelve month period. Selection is based not only on loan types, branch, and origination officer, but on your appraiser, processor, underwriter, and Correspondent.

SERVICES INCLUDE:

• Reverification of Credit Package
• Appraisal Review
• Underwriting Review
• Closing Document Audit
• Regulatory Compliance Audit
• Fraud Detection

NLS will CUSTOMIZE your reports and checklists for an additional fee in order to meet any specific needs, including risk ratings and management recommendations. Branch Audits are available upon request.

SPECIALIZING IN:

• Third Party Originations
• FHA Title I & 203K
• Rural Development Loans
• HELOC
• Seconds
• Sub Prime Loans

SERVICING

Loan selection and fees for Servicing Audits are based on the size and composition of your servicing portfolio. This loan selection will cover all servicing functions, as well as, your staff performance. The comprehensive audit will provide a detailed Management Information Report.

• ANNUAL AUDIT
• QUARTERLY FHA AUDIT
• MONTHLY FHA AUDIT
• FIRST PAYMENT DEFAULT AUDIT