Our Services

Quality Control File Audits

Red Flags Rule Implementation

Pre-Funding Reviews

Quality Control Plan Implementation

Agency Approval Services

Training & Consulting Services

4506-T Income Verification

Identity Verification

Mortgage Loan Preparation

LO Compensation Policy

Contact Us

Mortgage Compliance Advisors, LLC

5500 S 900 E

Murray, UT 84117

(877) 226-3216 (tel.)

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Industry Highlights

MCA performed its FREE series webinar on Pre-Funding QC just last month. It’s not too late to learn why agencies and investors are requiring Pre-Fund reviews, and how performing such a QC process could help your organization. Download Presentation

Compliance Updates

May 1 – Fannie Mae announces changes to pricing terms under its Selling Guide provisions. eFannieMae.com

Apr. 30 – HUD announces its policy regarding indebtedness eligible for refinancing. HUD.gov

Apr. 25 – Fannie Mae announces policy changes to expedite Preforeclosure Sale Process. eFannieMae.com

Apr. 25 – Fannie Mae updates Delinquency Management and Default Prevention requirements. eFannieMae.com

Apr. 23 – Freddie Mac updates Servicing requirements for HFAs, HAMP and HAFA initiative, and more. FreddieMac.com

To see all the latest mortgage compliance news and updates, visit our News & Resources page.

Deadlines

June 30, 2012

Freddie Mac: Sellers/Servicers to Maintain Acceptable Net Worth

Sellers and Servicers will be required to maintain an acceptable net worth of $2.5 million.  This should additionally include a dollar amount equal to 0.25% of their Representation and Warranty Unpaid Principal Balance.

The Unpaid Principal Balance aforementioned is the aggregate unpaid principal balance as of the last day of each calendar month for all Mortgages and REO for which a Seller/Servicer is currently liable to Freddie Mac for.

For details, visit FreddieMac.com

August 1, 2012

Freddie Mac: Delivery of ULDD Data Points Mandatory

For deliveries on or after 8/1/2012, delivery of ULDD data points for all secondary financing associated with mortgages sold to Freddie Mac becomes mandatory.

Until the effective date, parties may provide the ULDD Data Points either for concurrently originated secondary financing only, or for all secondary financing associated with the mortgage. It is encouraged that information for all secondary financing be provided for mortgages delivered on and after March 19, 2012.

For additional information, visit FreddieMac.com

Events

May 17, 2012

MBA Workshop – Trends & Developments in Distressed Loans

Online Webinar

To learn more, visit mbaa.org

May 23-25, 2012

MBA’s Leadership Development

Gettysburg Lincoln Leadership Institute

For more information, visit mbaa.org

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