Mortgage Compliance Advisors can manage your TPO approval and renewals

We offer a low cost solution for managing the approval, monitoring, and re-certification of your Third Party Originator (TPO) clients, including:

• Collecting all necessary documentation from your potential TPO clients for a comprehensive review
• Providing our analysis and approval recommendation
• Monitoring the TPO to ensure continued compliance
• Notifying you of any negative trending and providing trend reports
• Monitoring and verifying the company’s state and loan originator licensing
• Ensuring Fannie Mae LQI requirements are met (if applicable)

Call 877-250-5243 to learn more, or request more information by clicking an icon under “Contact Us” to the right.

How the process works

Our team of professionals will start by working with a potential TPO to collect all of the necessary documentation needed for a comprehensive overview. Once we have collected the information, we will perform an analysis and prepare a recommendation. We will then send you the documentation, analysis, and recommendation. You will just need to review the information and make the approval decision. If, during your review, you need additional information or have additional questions, we will correspond with the potential TPO client to obtain the documentation and answers you need.

Mortgage Compliance Advisors will also monitor your TPO clients throughout the year to ensure their continued compliance and adherence to quality control procedures. We will review their quality control reports and provide you with regular reports, including notifications of any negative trending. We will also monitor and verify their state and loan originator licensing.

Finally, we will work with your approved TPO clients to collect the documentation needed for their annual re-certification. All documentation will be collected, summarized, and forwarded to you.

Maintain agency quality control policies for Third Party Originators

FHA recently changed its policies regarding the approval and renewal process for TPOs (previously known as FHA correspondents). However, FHA has not changed its policies regarding quality control. To ensure your compliance with FHA quality control policies, MCA will help you manage the approval and monitoring of your TPO clients’ quality control programs.

Fannie Mae and Freddie Mac approved lenders are also responsible to make sure that mortgages originated and processed by a third party meet each agency’s guidelines. Both Fannie Mae and Freddie Mac have specific guidelines regarding the approval and monitoring of TPO lenders, and MCA is familiar with these guidelines. Our management process ensures that you are meeting all of the agencies’ guidelines.

Already have a TPO approval process?

We can help you develop or improve your current TPO process. Or if your current TPO approval process is meeting your needs but you would like to have a third party manage it, we can learn and implement your process within our system. MCA will review your process to assure that it is compliant with all agency guidelines.

Call 877-250-5243 to get a pricing sheet or more detailed information, or click an icon under “Contact Us” to the top right.