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If you are a mortgage originator, you must have a Quality Control Plan. In addition, the
plan must be written as a blueprint of your entire mortgage operation. The
various components of a customize quality control plan can be extremely complex
depending on the size of your current or future company’s growth. First, your
quality control plan must detailed step-by-step procedures to comply with
specific and generic regulatory standards of FHA, VA, FNMA, FHLMC, USDA or
Investors. A good Quality Control Plan will consist of many components, and
these components must be tailored to your company’s mission as an originator.
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