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Uhs Presentation August 18 2011 (3)


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Uhs Presentation August 18 2011 (3)

  1. 2. CONDO Project Approval Post-Closing Audits / Pre-funding Audits EPD – Rejected/Cancelled Loan Reviews ON-SITE Simulated HUD audit Fulfillment Partner Program FHA Advanced Training Consulting Services
  2. 3. POST-CLOSING AUDITS PRE-FUNDING AUDITS REJECTED / CANCELLED LOANS <ul><li>Re-verification of credit documents </li></ul><ul><li>Field /desk appraisal review </li></ul><ul><li>Thorough review of underwriting decision </li></ul><ul><li>Complete audit of closing docs and disclosures and more </li></ul><ul><li>Reduce errors </li></ul><ul><li>Prevent Fraudulent Loans </li></ul><ul><li>Prevent Property overvaluation </li></ul><ul><li>24 hours turnaround time </li></ul>EARLY PAYMENT DEFAULT EPD LOANS UHS AUDIT TEAM
  3. 4. Post-closing Audits Our mortgage quality control service includes a full and complete audit of each loan file. Our auditors use a comprehensive audit checklist that complies with quality control guidelines as set forth by FNMA , FHLMC , FHA & VA . We also will tailor our checklist form to include any special documentation that is unique to your business. Our audits include a re-verification of credit documents, ordering of credit reports and a field or desk appraisal review, a thorough review of the underwriting decision and supporting documentation, and a complete audit of all closing documents including a recalculation of the Final Truth-in-Lending Statement. Our report package includes reports and an Executive Summary , which will provide you with all the information you need to properly evaluate your loan origination process. Our goal is to email the report of our  findings to you within 60 days from the date we receive your loan files.
  4. 5. QC audits by our Seasoned Staff ensure your loans are always in compliance. <ul><li>Provide UHS your previous month fundings </li></ul>Lender UHS-America Lender UHS-America <ul><li>UHS will randomly select 10% as required </li></ul><ul><li>Provide UHS selected loan files for review </li></ul><ul><li>Provide lender a detail report each month </li></ul>
  5. 6. Pre-funding Audits This program is designed to provide pre-funding quality control audits in order to reduce errors, prevent fraudulent loan transactions, and property overvaluations. By utilizing a variety of on-line fraud prevention and identification tools along with various internal quality control procedures, UHS validates the authenticity of the loan application data, and a property valuation with a 24-48 hour turnaround time. While no one can guarantee that all fraudulent transactions will be detected and prevented, this program provides significant and timely information to lenders as a tool for making underwriting decisions.
  6. 7. On-site Simulated HUD Audit Every lender should consider a Simulated HUD Audit for its operations, records management and quality control process for several reasons . First, internal records and quality control audits are essential to ensuring your organization is following its internal standards and practices – and can prove it, if required, to external auditors from HUD/FHA or any other regulatory agencies. Second, they are essential for complying with your organization’s regulatory or oversight bodies and to ensure your organization’s operations and quality control process are meeting regulatory criteria and the recordkeeping is legally defensible.
  7. 8. 1. Establish standards of good practice 2. Measure current practice 3. Analyze and give feedback 4. Recommend and implement change 5. Re-evaluate practice Best Practice UHS’s simulated audit can contribute to improved business processes – not just within the company operations itself, but within the business units responsible for their job functions and most importantly, we will audit your records management policies, practices, systems, and quality control process, you’ll automatically be prepared for virtually any external audit scenario. On-Site Simulated HUD Audit
  8. 9. Fulfillment Partner Program <ul><li>Utilizing our Fulfillment Partner Program services means converting the fixed costs for your organization into variable expenses, resulting in a consistent and manageable business model. </li></ul><ul><li>Loan Processing </li></ul><ul><li>Efficiently outsourced Loan Processing can be crucial to the bottom line of retail branch P & L's. UHS currently provides such services to some of the largest lenders today within their branch model — and have subsequently become an intricate resource for retail branch. </li></ul><ul><li>Contract Underwriting </li></ul><ul><li>UHS Contract Underwriting Services enable Lenders to effectively meet the fluctuating demands of today’s market. UHS is able to pre-underwrite FHA loans to determine eligibility and adherence with investor and agency underwriting guidelines, or underwrite FNMA/FHLMC loans from beginning to end.  </li></ul><ul><li>Specialized Jumbo underwriting and conduit services available per request. </li></ul><ul><li>Government Insuring </li></ul><ul><li>Our team can facilitate the insuring of all of your government loans, and ensure proper delivery to HUD/VA. </li></ul> 
  9. 10. Consulting Services <ul><li>Due Diligence Audits </li></ul><ul><li>The UHS Due Diligence and Consulting Team specialize in Residential Mortgage Quality Control Solutions . Compliance Review and On-site HUD Simulated Audits can be utilized to design a “quality” plan intended to leverage your companies strengths, and prevent any potential unforeseen set backs. Our team of consulting experts has an average tenure of 15 plus years in the Mortgage industry, and most recently have worked with the current HUD audit team investigating lenders. We will work with your staff to ensure that your origination operations and quality control process are meeting regulatory criteria: and that maintained record keeping becomes legally defensible. </li></ul><ul><li>FHA Quality Control Plan </li></ul><ul><li>Besides a variety of mortgage audits and fraud detection for housing investigations, UHS can assist your operation in additional manners. An FHA QC plan is required for FHA brokers and Quality Mortgage Services can draft a document for your sponsorship. The QC plan written by the UHS team will also comply with regulations of all agencies. Depend on the experience of our team.  We've generated scores of these documents. </li></ul> 
  10. 11. 1-on-1 DE Training FREE – FHA Monthly Update 203k & Streamlined (k) Advanced FHA Training Recent changes Proposed / upcoming changes Common Underwriting errors Q&A’s This interactive “Instructor-led” training course focuses on the critical functions of the loan originators and underwriters <ul><li>203(k) vs. Streamlined (k) </li></ul><ul><li>Guidelines & Requirements </li></ul><ul><li>Loan Calculation & close-out </li></ul>TRAINING UHS America Training <ul><li>Intensive 1-on-1 training for Non DE </li></ul><ul><li>90 day support with our trainer </li></ul><ul><li>On-site at your location or at ours </li></ul>Underwriters who want to become DE
  11. 12. Condo Project Approvals Existing Condominiums / Recertification Condominium Conversions / Annexations New Construction Condominiums
  12. 13. UHS Staff has worked for FHA and served the mortgage industry for over 20 years. We bring experience , innovation and our vision to a constantly changing industry, assuring our clients a solid and prosperous partnership Experience Innovation Vision
  13. 14. Thank You! Deni Archer Senior Vice President Phone   714.415.3548 Fax       714.415.3549 Cell       562.201.2269   Doug Sheridan National Sales Manager Phone   714.513.6990 Fax       714.415.3549 Cell       949.289.5626