Risk mitigation provider Interthinx has launched its Quality Control Review Services product that combines the firm's automated technology platforms with loan-level audit expertise.
The quality control file reviews is designed to ensure compliance and mitigate risk for lenders and investors by using only certified professionals.
The staff for the Quality Control Review Services includes certified fraud examiners, certified mortgage bankers, compliance lawyers and certified appraisers. According to Interthinx, tens of thousands of files are audited monthly.
“Offering a distinctive QC review service to mitigate risk and ensure regulatory compliance for lenders is the next logical step for Interthinx,” said Mike Zwerner, senior vice president of Interthinx. “Based on the current regulatory environment, we recognized the need for state-of-the-art, tailored services for pre- and post-closing audits.”
Kevin Coop, president of Interthinx, based in Agoura Hills, Calif., said issues that are currently creating anxiety for lenders include lack of compliance expertise, underperforming QC, risk of repurchase and resource constraints.
Interthinx said this product enables the industry to immediately respond to market fluctuations and staffing needs without the costs associated with recruiting, hiring and training.
“A quality control system of the highest caliber must be made available to the ailing mortgage markets,” said Coop. “Business as usual in regard to QC file review will not suffice. Clients who leverage Interthinx QC Review Services can alleviate administrative burdens while experiencing efficient and cost-effective outsourcing of scalable and customizable staffing resources.”
