{"id":32159,"date":"2018-01-18T12:55:05","date_gmt":"2018-01-18T17:55:05","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=32159"},"modified":"2018-01-18T15:58:34","modified_gmt":"2018-01-18T20:58:34","slug":"mqmr-announces-internal-audit-services-compliant-with-fannie-mae-seller-servicer-december-19-update","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/mqmr-announces-internal-audit-services-compliant-with-fannie-mae-seller-servicer-december-19-update\/","title":{"rendered":"MQMR Announces Internal Audit Services Compliant with Fannie Mae Seller\/Servicer December 19 Update"},"content":{"rendered":"

LOS ANGELES, Calif.,\u00a0Jan. 18, 2018 (SEND2PRESS NEWSWIRE) — Mortgage Quality Management and Research<\/a>, LLC (MQMR), a leader in mortgage risk management and compliance services, today announced that its Internal Audit services offering meets or exceeds the requirements for Fannie Mae seller\/servicers to be in compliance with the December 19, 2017 Fannie Mae Selling Guide Announcement SEL-2017-10<\/em> update<\/a>. The update describes mortgage lender internal audit requirements clearly with regard to independence and reporting lines, eliminating any perceived ambiguity from the current Selling Guide Eligibility requirements. Fannie Mae enforcement of the updated requirements begins July 1, 2018.<\/p>\n

\"Mortgage
\nA trusted provider of mortgage lender and servicer internal audit services since 2011, MQMR has adapted its own policies and procedures to support the updated Fannie Mae requirements covering approved seller\/servicers who \u201cmust\u00a0have internal audit and management controls to evaluate and monitor the overall quality of their loan production and servicing.\u201d<\/p>\n

\u201cFannie Mae has clarified beyond a shadow of a doubt that Internal Audit independence is an integral aspect of seller\/servicer compliance,\u201d said MQMR President Michael Steer. \u201cGiven the costs and expertise needed to set up a fully functional internal audit program, outsourcing Internal Audit is probably the best solution, so the next step for mortgage lenders covered by this update is to begin evaluating Internal Audit providers immediately.\u201d<\/p>\n

MQMR adheres to the very specific auditing standards established by The Institute of Internal Auditors<\/a>, ensuring that every internal audit it conducts meets Fannie Mae requirements.<\/p>\n

Further, MQMR Internal Audit services deliver the specific elements Fannie Mae requires, including:<\/p>\n