Specifications include, but are not limited to: 1. Perform the file selection process to incorporate a random file selection sample, as well as incorporate discretionary sampling specified in RIHousing’s Quality Control program. 2. Performing quality control reviews of an estimated 130 loans per year based upon a 10% sample requirement of our anticipated yearly loan production. 3. Performing a quality control review on all early payment default loans (approximately 75 loans per year). 4. Re-verifying all third-party employment, income, credit and asset documentation. The reverified information is to be analyzed to ensure the integrity and reasonable accuracy of the documents used in the credit decision process. 5. Confirming all data integrity to ensure the DU, AUS and/or Total Scorecard findings and documentation support the credit decision. 6. Conducting an appraisal review for selected files in accordance with Fannie Mae, Freddie Mac, FHA, VA and USDA guidelines. 7. Ordering a tri-merged credit report to reconcile the liability information obtained from the original credit report...
