What is post‑funding quality control?
Post‑funding QC reviews occur after the loan closes and help lenders verify that the loan was originated correctly. These reviews examine documentation completeness, underwriting accuracy, and data integrity. Freddie Mac requires post‑funding QC to maintain loan quality and identify defects early.
Related FAQs
- Why do lenders need a QC plan?
- What is a defect rate?
- Why do lenders need to track QC findings?
- What is a corrective action plan?
- Why does Freddie Mac require data integrity checks?
- Why do lenders perform pre‑funding quality control reviews?
- How does Freddie Mac monitor lender compliance?
- How does Freddie Mac monitor servicer compliance?
- What is quality control in mortgage lending?
- Why are post‑closing reviews important?
- What happens if a lender violates Freddie Mac rules?
- What happens if a servicer violates Freddie Mac rules?
- What is compliance in the mortgage process?