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All of Fraudmit's manuals are designed to work hand-in-hand with each other. HUD/FHA requests that mortgagees and loan correspondents have a Quality Control Plan in place that covers your entire origination and production platform. This plan must be in place to prevent fraudulent loans from being originated and possibly becoming a funded loan.  HUD/FHA may request inspection of this plan at the time of a site inspection.   If you do not have a complete plan in place that meets HUD's new standards you are out of compliance. Fraudmit can help your company become compliant with our Full Broker Package.

Broker Package - $795 - Buy Now

  • Quality Control Manual
  • Origination Manual
  • Processing Manual
  • Administration Manual
  • NEW! - Red Flag & Identity Theft Manual

Banker Package - $995 - Buy Now

  • Quality Control Manual
  • Origination Manual
  • Underwriting Manual
  • Processing Manual
  • Administration Manual
  • Closing Manual
  • New! - Red Flag & Identity Theft Manual


List of All Manuals

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
  • Ethics
  • 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 can 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 can 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
  • Sexual Harassment
  • Internet Usage
  • Alcohol/Drug
  • Hiring/Firing
  • Checklists
  • Forms Administration

Red Flag & Identity Theft Manual  - $295.00

  • FACTA Required Plan - by November 1, 2008
  • Specific to the Mortgage Industry
  • Employee Training Program Included
  • Working with Vendors
  • Safeguarding Data
  • Red Flags in Origination
  • Working with Borrowers
  • Red Flags in Processing
  • Closing/Funding Red Flags
  • Servicing Red Flags
  • Reporting
  • Includes forms and Checklists for Implementing
  • Includes free industry updates

THE PACKAGE PRICE IS THE BEST VALUE!

BROKER PACKAGE, buy all 5 for only $795 (A savings of $680!)

Includes

Quality Control Plan - $295
Origination Manual - $295
Processing Manual - $295
Branch Management - $295
New Red Flags Manual - $295
Total Cost Individually - $1,475

Fraudmit also offers a Banker Package that includes the above 5 Manuals and 2 additional ones: Closing Funding Manual & Underwriting Manual for $995.         Click Here to view

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.
OPERATION MANUALS
  • 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
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If you have purchased a Quality Control Plan within the last 90 days and would like to upgrade to the full  "Broker Package"

  • FNMA/FHLMC Quality Control Plan 
  • Warehouse Bank Quality Control Plan
  • Review Forms and Checklists
  • Review Letters, Reports. Requests
  • State Compliance Audit Preparation Process
  • Federal Regulatory Compliance Guidelines
  • Predatory Lending, Ethics and Fraud Policy
  • New Employee Kit - Application, INS, and others
  • Performance Reviews for Mortgage Industry
  • Physical Office Setup (FHA/State Requirements)
  • Employee Policy Handbook - Includes
  • Whistle-blower Policy
  • Hours/Physical Plant