Quality control in mortgage lending means a system of rules and procedures with the goal of assuring that loans and borrowers meet specific credit requirements and that mortgage transactions are free from fraud or misrepresentation. Lenders and mortgage brokers must meet various quality control requirements depending on the kind of loan they are originating or servicing. The following links will guide you to information on quality control requirements for FHA, VA, Fannie Mae and Freddie Mac loans.

FHA-insured mortgages. The Department of Housing and Urban Development (HUD) has established extensive quality control requirements that mortgage brokers, lenders and servicers must follow. Check this link for a description of those guidelines.

VA-guaranteed mortgages. The Department of Veterans Affairs, which guarantees home mortgages for veterans, has its own guidelines for quality control of origination and servicing. Check here for more on these standards.

Fannie Mae mortgages. Though not a government agency, Fannie Mae, the giant government-sponsored, single-family mortgage investor has quality control standards for loans it buys or securitizes. Check here.

Freddie Mac mortgages. Freddie Mac, the other giant government-sponsored enterprise that buys single-family mortgages loans also has a quality control guidelines. Check here.