VA considers mortgage quality control as an important responsibility of lenders. It imposes quality control requirements on lenders who wish to take advantage of the VA-guaranteed, single-family mortgage program.

 

As a condition of VA approval, lenders must implement a written quality control plan that ensures compliance with VA requirements and meets VA's specific QC criteria. Every nonsupervised lender must submit a copy of its QC plan with its application for automatic authority, but the responsibility doesn't stop there. They must continuously revise the plan as needed due to changes in VA's requirements to keep it up-to-date.

 

A lender’s quality control plan be must be designed to assure compliance with VA's mortgage origination requirements. A lender mst also meet VA quality control system requirements to take part in the VA lender appraisal processing program (LAPP).

For more iinformation about the components of the VA quality control requirements, check the following:

basic elements of the QC program,

 

origination review issues, and

 

LAPP review issues.