The Caldwell Quality Control Plan for Mortgage Lending covers numerous federal laws and regulations that affect single family mortgage lending. The requirements are generally integrated into the topical area. For example, the gives you the framework for organizing and operating a quality control and compliance system. It explains the systems you must have to assure that employees understand the QC and regulatory requirements and are kept up-to-date, it details requirement for preparing disclosures required under RESPA, the Truth in Lending Act and other laws and provides guidelines for areas such as Fair Lending and Fair Credit Reporting.  

Truth in Lending Act. The QC Plan helps by pulling together the essential rules that the employees must follow when they performing any activity involving home mortgage loans, whether processing, underwriting or servicing. It sets out requirements for relationships between sponsors, correspondents, lenders, agents and others who perform some aspect of mortgage origination or servicing.

   

Real Estate Settlement Procedures Act. The company QC policy statement covers everything you need. The guidelines are ready-to-implement and cover steps to administering the QC system and keep staff up-to-date on quality control.

   

Fair Housing Act; Equal Credit Opportunity Act . The guidelines distill for you the HUD, VA, Fannie Mae and Freddie Mac operating rules that you must be familiar with. They address quality control, prudent lending practices. establishing an appropriate environment for performing quality lending, certain annual reporting requirements, net worth and warehouse line of credit requirements.

   

Gramm-Leach Bliley Act. This essential material guides preparing good faith estimates and servicing transfer disclosures under RESPA. It details the content of Truth in Lending and ARM disclosures and explains HOEPA disclosure issues. It addresses mortgage insurance cancellation disclosures, the impact of federal mortgage disclosure considerations on web sites, financial privacy disclosure requirements and electronic signatures and disclosures.

   

Fair Credit Reporting Act; FACT Act. This chapter sets out requirements for most lenders under the Home Mortgage Disclosure Act and for regulated lending institutions under the Community Reinvestment Act.

   

Fair Debt Collection Practices Act. The QC Plan reflects the requirements of the FDCPA in the procedures covering the servicing of delinquent mortgage accounts where servicers are debt collectors as defined by the Act.

   

Home Mortgage Disclosure Act. These guidelines show your employees and regulators that you have a policy of not discriminating against any applicant or discouraging anyone on a prohibited basis from making a mortgage application.

   

Community Reinvestment Act. This chapter sets out requirements for most lenders under the Home Mortgage Disclosure Act and for regulated lending institutions under the Community Reinvestment Act.

   

Homeowners Protection Act. The Fair Credit Reporting Act imposes responsibilities on those who use credit reports and those who furnish credit information to credit reporting agencies. This section sets out policies to help you to meet these obligations and avoid potential liability.

   

National Flood Act. The Fair Credit Reporting Act imposes responsibilities on those who use credit reports and those who furnish credit information to credit reporting agencies. This section sets out policies to help you to meet these obligations and avoid potential liability.