FA Business Services LLC Debuts QC@Closing

Posted by Orb Staff on October 25, 2012 No Comments
Categories : FYI

Santa Ana, Calif.-based FA Business Services LLC is now offering QC@Closing, an automated loan quality product designed to help lenders identify and mitigate risk, save time and resources, and improve the consumer experience.

According to the company, QC@Closing conducts an automated evaluation of the HUD-1 settlement statement and loan data, based on lender-defined rules, at a point in the closing process at which corrections can still be made. Possible risks and discrepancies are flagged for lenders in real time so that they can identify and act upon them while still closing on time.

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