Effective Quality Control Plans Critical in Keeping FHA Lenders in Line, Avoiding HUD Indemnification
October 28, 2004
For FHA lenders large and small, a quality control plan is essential, and not only because it is required by the Department of Housing and Urban Development, but because it is an effective risk management tool that can save time and money. “You want to find problems before problems find you,” said Sue Garbacz, quality control coordinator for M&T Bank, based in Buffalo, NY. And these problems can cost companies a great deal in…