Wetzel Trott performs quality control reviews on conventional and government loan production in accordance with the requirements of Fannie Mae (FNMA), Freddie Mac (FHLMC), Housing and Urban Development (HUD), the Veterans Administration (VA) and private investors.

Once each month or quarter, we select the required agency percentage of your closed loan production. These files are re-underwritten in accordance with the applicable agency/investor guidelines. Closing documents are reviewed for accuracy, completeness and regulatory issues. Reverifications are ordered on employment, credit and deposit information. In addition, appraisal reviews are ordered on the required agency percentage of your total loan production.

The results of each of these reviews are presented in a full management report on a monthly or quarterly basis which details the general results of the review along with individual file summaries. The report would also include a comparison of improvement or decline in overall loan performance.

In addition, Wetzel Trott examines the loans for federal compliance disclosures as part of its normal review. Additional review services include state disclosure compliance as well as state & local predatory lending testing.

Trend Analysis Reports are also available.

For more information please complete the on line Request Form or call us at 248-592-2252.