Validating measures of information technology outsourcing risks factors
Validating measures of information technology outsourcing risks factors - dating topics to talk about
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The lender’s QC program must include a documented QC plan that outlines requirements for validating that loans are originated in accordance with its established policies and procedures and The lender’s QC program must include a documented QC plan that establishes standards for quality and incorporates systems and processes for achieving those standards.
The QC plan, at a minimum, must contain the following information.
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You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.
This topic provides an overview of Fannie Mae’s requirements related to the lender’s ongoing assessment of its loan origination activities and associated processes.
(QC requirements that relate to the lender’s servicing activities are described in the An effective QC program is a key component of the lender’s overall control environment.
The lender must document the rationale for establishing the target rate(s).