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Mortgage Banker Manual Package  & Wholesale Manual Package

Quality Control Plan - $295

Fraudmit's Quality Control Manual provides detailed step-by-step procedures and actions that are required to comply with HUD/FHA, VA, FNMA, FHLMC and seller servicer requirements, as well as, those conduits in the secondary market.  Federal law compliance is included and sections are designed to include space for you to supply state and local compliance requirements.

Topics

  • Selection Process
  • Audit Procedures 
  • Policy for Discovery
  • FHA Quality Control Plan
  • VA Quality Control Plan
  • FNMA/FHLMC Quality Control Plan
  • Warehouse Bank Quality Control Plan
  • Review Forms and Checklists
  • Review Letters and Reports. Requests
  • State Compliance Audit Preparation Process
  • Federal Regulatory Compliance Guidelines
  • Predatory Lending, Ethics and Fraud Policy

All loan forms are available in electronic format so that they may be customized for your own needs.

You may add loan plan specifications, rate sheets or other documentation for your company to make the manual more robust.

Origination Manual - $295.00

Topics

  • Position Descriptions
  • Compensation  
  • Lock-in Policies        
  • Pricing Policies         
  • Lock-in Completion           
  • Pre-Qualifying           
  • Pre-Approval            
  • Marketing Material Policy        

All loan forms are available in electronic format so that they may be customized for your own needs.

You may add loan plan specifications, rate sheets or other documentation for your company to make the manual more robust.

Processing Manual - $295.00

Topics

  • Position Description
  • Processes for Loan Setup
  • Disclosure Preparation
  • Vendor (Appraisal/Credit/Title)
  Order Process
  • Stack Order Checklists
  • Customer Contact Process
  • Status Update Process
  • Pipeline Management

All loan forms are available in electronic format so that they may be customized for your own needs.

You may add loan plan specifications, rate sheets or other documentation for your company to make the manual more robust.

Administration Manual - $295.00

Topics

  • Position Descriptions
  • Physical Office Setup (FHA/State Requirements)
  • Employee Policy Handbook - Includes
  • Sexual Harassment
  • Internet Usage
  • Alcohol/Drug
  • Hiring/Firing
  • Checklists
  • Forms Administration
  • New Employee Kit - Application, INS, and others
  • Performance Reviews for Mortgage Industry
  • Whistle-blower Policy
  • Hours/Physical Plant


Closing/Funding/Document Preparation Manual - $295.00

Topics

  • Position Description
  • Documentation Requirements
  • Schedule Management
  • Pre-Closing Checklists
  • Funding Worksheets
  • Closing Crisis Management
  • Post Closing 

Underwriting Manual - $295.00

Topics

  • Underwriting Duties and Responsibilities
  • Resource/Information Management
  • Underwriting Procedures
  • Writing and Managing Loan Plan Specifications
  • Generic Underwriting Guidelines
  • Forms Management System
  • Credit Analysis Process
  • Loan Disposition Process
  • Documentation Requirements

All loan forms are available in electronic format so that they may be customized for your own needs.

PACKAGE PRICE IS THE BEST VALUE!

MORTGAGE BANKER PACKAGE, buy all 7 for only $995.00
(A savings of $1070)
Includes

Quality Control Plan - $295
Origination Manual - $295
Processing Manual - $295
Branch Management - $295
Closing Manual - $295
Underwriting Manual - $295
New - Red Flag Manual - $295
Total Cost Individually - $2,065

Back to the BROKER PACKAGE page - Click Here

WHOLESALE BANKER/CORRESPONDENT PACKAGE - $1295

Topics

  • Broker Approval Process
  • Submission, Underwriting, Closing Procedures
  • Rate Lock Policies
  • Rate Distribution Process
  • Product Highlights
  • Underwriting Guidelines
  • Quality Control for Brokers
  • New  - Red Flags Manual!!

Wholesaler Package -  Substitutes the Broker Correspondent Module for the Origination Module, since the Wholesaler does not have originators.  It includes Processing, Fraud/Quality Control, Underwriting, and Closing Modules that are required to execute this process.  The warehouse lender will want to see these processes outlined.

All broker/wholesale forms - fee sheets, registration forms, rate sheets, broker approval documents, loan approval notifications, underwriting reviews - are available on disc to customize for your own needs.

Add additional loan plan specifications, rate sheets or other documentation for your company to make it more robust.

Includes:

Broker/Correspondent - $995
Processing Manual - $295
Closing Manual - $295
Underwriting Manual - $295
Quality Control - $295
Red Flag & Identity Theft Manual - $295
Total Cost Individually - $2,175

A savings of $880!

If you have any questions please email us at Sales@Fraudmit.com

Because these products are delivered in "soft" electronic form and are generically customized to our company, Fraudmit cannot accept any returns.  If there are technical difficulties in utilizing the product because of a defect, we will repair any general problems. Fraudmit's Quality Control Plan is copy written and licensed for exclusive use and may not to be redistributed to any other party or firm in whole or in part.
BANKER MANUAL PACKAGES
  • Complete Application Process
  • Completing Good Faith Estimate
  • Setting up loan files for processing
  • Pipeline review
  • Closing Preparation Procedures
  • Predatory Lending Policy
  • Ethical Mortgage Lending Practices
  • Complaint Resolution Process
  • Schedule Management
  • Pre-Closing Checklists
  • Closing Preparation Process
  • Underwriting Conditions Process
  • Pre-Submission Checklists
  • Determining File Readiness
  • Ethical Mortgage Lending Practices
  • Documentation Requirements
Toll Free: (800) 610-6680
Premier Provider of Mortgage Quality Control and Risk Mitigation
Services

  • Document Follow Up System
  • Servicing Set Up
  • Warehousing
  • Delivery
  • State Audit Preparation System
  • Approved Attorney System