ProductionQC

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ProductionQC is a comprehensive loan quality control and compliance auditing platform developed by Cogent QC Systems. Designed to serve as the enterprise system of record for all loan origination reviews—including mortgages, auto loans, boat loans, RV loans, mortgage insurance, and commercial loans—it offers a highly configurable and customizable solution to meet diverse auditing needs. The system's adaptability allows organizations to streamline and automate various ancillary activities, such as repurchase reviews, loan modification tracking, and mortgage insurance originations. Key Features and Functionality: - Pre-Funding Quality Control and Compliance Audits: Ensures adherence to Fannie Mae’s Loan Quality Initiative (LQI requirements for mortgages. - Post-Funding Quality Control and Compliance Audits: Provides statistical sampling and reporting that meet the standards set by Fannie Mae, Freddie Mac, and HUD. - Early Payment Default (EPD Audits: Facilitates audits required by Fannie Mae, Freddie Mac, and HUD to identify and address early payment defaults. - Fraud, Appraisal, Repurchase, and Other Audits: Offers the flexibility to establish an unlimited number of independent reviews within the system to address various audit requirements. Primary Value and User Solutions: ProductionQC empowers organizations to maintain high-quality standards and minimize risks by providing a robust framework for loan quality control and compliance auditing. Its flexibility and adaptability enable businesses to customize the platform to their specific needs, ensuring efficient management of loan origination reviews across various loan types. By automating and streamlining audit processes, ProductionQC helps organizations meet regulatory requirements, enhance operational efficiency, and promote a culture of continuous improvement.