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Audit Services


Since 1982, TenA has been a nationwide leader in mortgage quality control and fraud investigative services, providing dependable, reliable, and cost-effective audit outsourcing solutions.  Serving businesses of all sizes, from small lenders to major corporate enterprises, we are proud to be the oldest and largest firm of our type in the country.

Key Components of a QC Audit
Monitor compliance with federal, state and investor requirements
Check all documents for misrepresentation
Confirm data integrity
Reverify all third-party income and asset documentation
Evaluate the underwriting process
Ascertain whether the conditions of closing were met
Determine compliance with your firms unique lending parameters and standards

We give you mission-critical information
TenA conducts mortgage audits by gathering and analyzing all of the details from mortgage loan files — we also review how effectively the lending process was conducted relative to your firm's unique parameters and standards. We present our findings in easy-to-read, graphically enhanced reports — so you can use the information to make strategic business decisions.

Unbiased results
Outsourcing audit work to us eliminates your staffing issues while providing you with an independent, cost-effective, third party review.  Because our Compliance/Legal Division, in conjunction with our internal trainers, keeps our auditors up to date on FHA, VA, Fannie Mae, Freddie Mac and FHLB guidelines plus federal and state regulations, we can help your firm avoid costly violations. 

Secure, confidential treatment of your files
When TenA handles your mortgage Quality Control, your firm’s confidential information will receive the highest level of security available in the industry.  Our SAS 70 plan outlines our core security procedures.  Plus we audit all files in our secure offices using only TenA employees (not off-site contractors). We operate our building with 24-hour surveillance, cameras, alarms, and keypad access — and we keep all confidential information, including audit files, under stringent security at all times; your files never leave TenA’s secure facility. 

Customized reports
Using our SecondLook Audit Software, we collect vast quantities and varieties of information to prepare easy-to-read reports that can be customized to suit your firm’s requirements.  Our standard report pack succinctly presents the "most-requested" information, including statistical analyses designed to spotlight audit findings that are either statistically problematic or statistically exemplary.  With hundreds of reports available, we can generally accommodate any report request.

Common Audit Services
Post-Closing Quality ControlServicing (Loan Admin) Audits
Cancel/Reject AuditsForeclosure/EPD Review
Pre-Funding ReviewFraud Investigation
Compliance AuditsRepurchase Reviews


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Did You Know?
TenA’s Legal Division is Available to Field mortgage Lending Related Questions

10-09-08

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