Quality Control As A Profit Center
Quality Control as a Profit CenterBy Charles W. Sewright, CMAPresident & CEOQuest Advisors, Inc. Many in mortgage lending view Quality Control as a cost center that is simply a cost of doing business. But, when properly implemented and managed, Quality Control can be a profit center. A deep dive into Quality Control can lead to profit improvement opportunities throughout the mortgage manufacturing process if time and effort are spent looking for them. The goal of every mortgage lender is to produce saleable and profitable loans; however, it is easy to miss the opportunity to realize additional profit or reduced cost, when one views Quality Control only as an auditing function geared to be the rules enforcement officer in one's organization. Lenders sometimes tell me that they have a quality control program because it is required by the GSEs, FHA, VA, USDA, and correspondent aggregators in order to sell their originated loans. From that perspective, it would seem to make sens...
Quality Control As A Profit Center
Quality Control as a Profit CenterBy Charles W. Sewright, CMAPresident & CEOQuest Advisors, Inc. Many in mortgage lending view Quality Control as a cost center that is simply a cost of doing business. But, when properly implemented and managed, Quality Control can be a profit center. A deep...
Quest Advisors Successfully Completes SOC® 2 Type II Certification With No Exceptions
Read the official release on Business Wire DURHAM, N.C.--(BUSINESS WIRE)--Quest Advisors, a nationally recognized mortgage quality control and auditing firm, today announced the successful completion of its SOC 2® Type II examination, validating the effectiveness of its internal controls for se...
