Office of Lender Activities and Program Compliance FHA ...

Office of Lender Activities and Program Compliance

FHA Quality Assurance Update

May 29, 2019

Presented by: Jack Higgins Director Quality Assurance Division

Christina Channing Single Family Housing Specialist Quality Assurance Division

Derek Taylor Management Analyst Quality Assurance Division

Last Updated: 5/9/2019

Agenda

Quarterly Loan Review Results Common Defects Lender Self-Reports Resources Q&A

2

Quarterly Loan Review Results

3

Loan Review Volume

Selection Reason

Early Payment Defaults Lender Monitoring Lender Self-Reports Risk Algorithm Test Cases FHA Manual Selections Early Claims Random Selections Review Location Quality Control (QC)

Quarterly Total

Review Type

Underwriting Servicing

Quarterly Total

Loan Review System (LRS) reviews completed from 1/1/2019 to 3/31/2019

# Completed

3,614 1,083

657 441 238 117

79 54 221

6,504

# Completed

6,159 345

6,504

4

Ratings and Outcomes

Initial Ratings (Gross)

63.1%

Final Ratings (Net)

52.3%

9.8% 1.0%

12.7%

24.2%

12.7%

24.2%

Conforming Deficient Unacceptable

Conforming Deficient Mitigated Indemnification/Financial Remediation Unacceptable

LRS reviews completed from 1/1/2019 to 3/31/2019 (excluding lender self-reports and internal QC)

5

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download