The Full Compliance Stack an Independent Mortgage Banker Must Maintain to Protect GSE Seller-Servicer Standing
Independent mortgage bankers must layer financial audits, outsourced controls.
Priya Subramaniam
Section
6 stories in Mortgage Audits.
Independent mortgage bankers must layer financial audits, outsourced controls.
Auditors must test whether covenants measure what lenders require them to show.
Auditors must validate each step in gain-on-sale calculations independently.
Auditors must test models and assumptions that drive uncertain MSR valuations.
Mortgage servicers must coordinate multiple audit tracks simultaneously to maintain GSE eligibility.
Test the audit firm's GSE knowledge and seller-servicer expertise before signing.