The vendor is required to provide from mortgage quality control software companies for a web-based audit software to perform post-closing quality control and servicing audits.
- To streamline quality control processes, it must include rules-based automation with the ability to customize audit tests.
- It must also feature built-in checklists and workflows tailored to specific audit types.
- Include for services:
• Customizable audit selections (random, targeted, and discretionary audits), supporting both fixed and statistical sampling methodologies.
• Comprehensive reporting tools, including templates for audit findings, trend analysis, summaries, and customizable reports.
• Supervisory controls to allow management oversight, audit corrections, and reviewer monitoring.
• User and audit activity tracking to ensure accountability.
• Automated system updates to audit questionnaires, checklists, and workflows, ensuring compliance with evolving regulatory requirements.
• Support for both post-closing mortgage quality control reviews and servicing reviews.
- Contract Period/Term: 2 years
- Cut-Off, Questions/Inquires Deadline: April 11, 2025