QLMS provides vendor services to assist mortgage partners with various loan processing tasks. As the partner, you are responsible for collecting initial disclosures and handling any redisclosures. QLMS then assists with items like ordering appraisals, credit checks, title services, payoffs, and verifications of employment and rent for both purchase and refinance loans. The document outlines the specific responsibilities of the partner versus QLMS at each stage of the loan process from prior to conditional approval through closing.

1. QLMS Vendor Services
www.QLMortgageServices.com
As a Partner of QLMS, you are responsible for taking the application, obtaining
signed initial disclosures and handling any re-disclosures if applicable prior to submitting
Full Package to us.
4.13.15
LOAN STATUS YOU DO WE DO WE DO or YOU DO
Prior to Conditional
Approval
•Flood Coverage
(if required)
•Order Appraisal on QLMS
Portal
•Title (for Refi)
•Credit Monitoring
•FHA:
- CAIVRS
- Case # Assignment
- Appraisal Logging
• GSA/LDP Checks
• IRS Transcripts
• Closing Protection Letter
• Title (for Purchase)
• Wire Instructions
Conditional Approval
• Appraisal Delivery
• Condo Questionnaire
• Flood Certification
• PUD Questionnaire
• Tax Certification
• Verbal VOE
• Written VOE (if required)
• Homeowners Insurance*
• Payoffs*
• Subordinations*
*Can be submitted by Partner prior
to Conditional Approval.
Clear to Close/Closing
• Closing Docs
• Verbal VOE (within 5 days of
closing)
What will we obtain on your behalf?
4506-T
In the Findings Package, we’ll
include a completed 4506-T
for the client to sign.
Appraisal
• Appraisal orders tracked.
• Purchase contracts to Appraiser provided.
• Repair inspections scheduled.
• Control audits conducted.
• Performance of Appraisers tracked and rated.
Condo & PUD
Questionnaires and
budgets obtained when
required.
Credit
Trade Line updates requested
by UW.
FHA Made Easy
We include all FHA disclosures completed
with client’s information in the Finding
Package - all you have to do is review
with your client and have them sign the
approved copy.
Homeowners Insurance
Feel free to provide policy as
part of Full Package upload.
You’ll be required to enter agent
contact information so that we
can verify the policy.
Payoffs
Payoffs of residential liens
against property being
refinanced through new
loan obtained.
Subordinations
We can work subordinate
lending institutions however,
we recommend you handle
ordering subordinations.
Title Services
Check the box for Title Source on your Refi
transaction and we’ll take care of the rest!
If you choose to work with another title
provider, you’ll need to upload the title for
the Refi.
VOE & VOM
• Verbal VOEs obtained on all loans.
• Written VOEs ordered and obtained when requested by
UW.
• Verifications of rent and deposits ordered and obtained
when requested by UW.