Volume 16 - Number 2
January 27, 2012
Mortgage Trends
More than 40 percent of mortgage industry quality control problems occur because of missing documentation and questionable data integrity. According to Interthinx, a risk mitigation solutions company, 40.9 percent of issues that plague quality control were related to missing docs and data integrity in 2011. This is a stark departure from years past. Missing documentation, for instance, accounted for only 7.1 percent of problems from 2006 to 2009. During those years, eligibility and credit issues were more of an industry scourge. In 2011, tougher underwriting standards have brought that...
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