In a market where every dollar matters, revenue retention areas like quality control and compliance are more critical than ever. Thus, keeping abreast of regulatory and investor updates and trends is vital to maintaining loan quality and compliance. Trevor Gauthier, chief executive officer at ACES Quality Management provides us with an update on the latest in QC and compliance. Questions addressed include:
- How are lenders managing loan quality these days?
- How are lenders responding to the QC policy updates Fannie issued late last year?
- What are some of the current compliance issues/trends that could impact loan quality?