Tag: Quality Control

Fannie Mae Issues Fact Sheet for Successfully Executing IRS Form 4506-C and Reverifying Tax Transcripts – Dated February 2021

Written by: Lloyd Rutherford, Staff Writer The new IRS 4506-C is required on or before May 1, 2021.  While this may seem like just a form change, the truth is that there are many details surrounding this that everyone needs to understand.  Read this article to update your knowledge on the important points. Rule Synopsis: […]

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Freddie Mac News – True Lies – When Employers Twist the Truth – Dated December 16, 2020

Written by: Lloyd Rutherford, Staff Writer You never want to end up on the wrong side of fraud.  Even if you are innocent, you still have to contend with the cost of your defense.  Freddie Mac’s “True Lies” series is a great way to stay up to date on what they have uncovered in mortgage […]

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Fannie Mae – FAQ’s: DU Validation Service FAQs – Updated April 16, 2019; DU Validation Service Messages – Updated April 9, 2019 and Introducing the DU Validation Resource Center

Written By: Lloyd Rutherford, Staff Writer Technology at the agencies is advancing quickly, and if you’re going to compete you must keep up with it as well.  This article provides new resources from Fannie Mae to take your services to the next level. Rule Synopsis: Fannie Mae created a new resource page/center for all things […]

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Quality Control Practices-Industry Standards & Practices-4 NEW Checklists-Conventional, FHA, VA and USDA Quality Control Audit Checklists!

By: Tammy Butler, Master CMB Performing a Quality Control Audit not only is required, but is also a smart way to avoid issues and learn what your staff doesn’t know, but needs to know.  These audits are not meant to tattle on those who are not “doing it right”.  Instead, they are great training opportunities. […]

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