Get Correspondent Fha Qc Check List - Afrwholesalecom

Filling out the Correspondent FHA QC Check List accurately is essential for ensuring compliance and effective document management. This guide will walk you through the process of completing the form online, providing clear instructions for each section and field.

Follow the steps to fill out the form effectively.

1. Click ‘Get Form’ button to access the Correspondent FHA QC Check List and open it in your document management system.
2. Begin by filling out the 'Insurance' section. Ensure that you include all necessary documentation such as hazard insurance and flood certificates, if applicable.
3. Proceed to the 'Application' section. Enter the NMLS number and loan number, and verify the borrower's name. Check if the amount due has been fully paid and if any flood insurance declaration pages are required.
4. In the 'Collateral/Document' section, conduct a FEMA check to verify any incidents that occurred after the appraisal date. If applicable, obtain a disaster report from the appraiser.
5. Complete the 'Patriot Search/SafeCheck' section by running a direct SSN search for any discrepancies found during the SafeCheck process.
6. Verify the NMLS information is typed correctly on the 1003 and confirm the NMLS number using the appropriate verification website.
7. Navigate to the 'Credit' section. Perform a MERS search using the borrower's Social Security Number. Review the Fraudguard report for any issues and place it behind the MERS documentation.
8. Conduct a CAIVRS check with the borrower's Social Security Number to ensure it is clear.
9. For 'Income,' verify employment for all borrowers for the past two years using a phone number search, and contact the bank representative to validate the Verification of Deposit (V.O.D.).
10. Lastly, ensure the appraisal information is logged into DATATRAC and the appraisal review is documented. Confirm proper ratings and alert the account manager of any unacceptable ratings or missing documentation.
11. Upon completion of the form, save your changes, and you can download, print, or share the finished checklist as necessary.

Complete the Correspondent FHA QC Check List online today to ensure compliance and efficiency in your document management process.