| Quality
Control Plan (Download
Agreement/Application)
ONE SIZE DOES NOT FIT ALL!
The Quality Control Plan is required by all agencies,
warehouse banks, and most investors. If your firm is closing
loans in its name, you will be asked to present a quality
control plan by someone in the investor/warehouse lending
chain!
Unlike most companies that produce quality control plans,
DONNASHI ENTERPRISES, INC. customizes
your plan based on the product you wish to offer the consumer.
DONNASHI ENTERPRISES, INC. does
NOT limit your plan to the FHA checklist, even
on an FHA QC Plan.
For example, if you broker all of your conventional loans,
yet want to offer FHA loans through HUD’s correspondent
program, you would want an FHA Correspondent QC Plan.
If your company has no intention of offering FHA loans,
you would want a Conventional Quality Control Plan. THEY
ARE VERY DIFFERENT!
FHA requires that you perform your audit within 90 days,
on a quarterly basis, if you are offering less than 100
FHA loans per years. That’s great for FHA, but what
if you are offering conventional loans to an investor
that requires you to comply with Freddie Mac standards?
Those guidelines require audits monthly, and the post-closing
audit must be completed within 90-days from commencement
date.
You can always pick and choose the plan that you want.
Your plan can have FHA features, in compliance with the
4060.1 Handbook, Section 6, or your plan can include Freddie
Mac guidelines, which located in section 48 of their seller/servicer.
We do NOT charge extra to have a plan
created for you. Therefore, you can choose the plan that
fits your needs. And, as your company grows, contact us;
we will gladly modify your plan FREE OF CHARGE,
AT ANY GIVEN TIME!
What happens if your warehouse bank wants something added
or deleted? Again, DONNASHI ENTERPRISES, INC.
will modify your plan FREE OF CHARGE, AT ANY GIVEN
TIME!
We want you as an on-going customer. The best way to
help you is to be by your side, willing to help you grow
every step of the way.
You can select your plan from the standard plans, which
are listed below. If you select more than one plan, the
second plan is discounted to $175.00. For example, FHA
Correspondent and Conventional would be: $450.00 + $175.00.
Use our BUY NOW feature
to download your manual directly from our site. Your company
name will automatically be inserted and available immediately
for download.
Only one plan can be purchased
at a time. To purchase additional plans please return
to this page after your previous transaction has been
completed.
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FHA/VA/Conventional:
$525 |
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FHA Correspondent:
$450 |
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Conventional: $450 |
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VA: $425 |
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Loan Servicing Residential
Loans: $425 |
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Doing Business with Brokers:
$325 |
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Second Mortgages:
$400 |
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Broker HECMS: $150 |
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Monitoring your servicer: $150 |
-All plans include PREDATORY LENDING PRACTICES, at no
extra charge.
-All plans include a thorough pre-closing audit procedure.
-All plans have a breakdown of RESPA, TILA, ECOA, FAIRHOUSING,
FACT ACT, HMDA, as well as, other disclosure guidelines.
You can order your QC Manual, on line. Simply, follow
the links below and order your plan. You can pay through
Paypal.com (just follow the link), or you can print off
the agreement and forward a check to our office. If you
order on line, your plan will be prepared on line and
available to you, instantly, in a download. If you issue
a check and forward it to our office, your plan will be
ready in one business day.
Before we create your plan, we have some key questions,
which we would like you to answer. The more you answer,
the better your plan will be.
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