Pre-Funding Audits are an essential component of a comprehensive Origination Quality Control program. These audits identify issues in a pending loan transaction that should be mitigated prior to closing.
Our experienced team of auditors ensure that your business stays compliant by reviewing your Pre-Funding loan files as required by Fannie Mae, Freddie Mac, FHA, VA, RHS, State Compliance and more.
Time is of the essence when performing Pre-Funding Audits. TENA provides a 48-hour turn time for the completion and return of audit results. The Pre-Funding Audit process includes:
With TENA’s cloud-based platform, TENA Web Services (TWS), clients are able to manage the remediation process for audit findings and receive audit results electronically on any device with a web browser.
Generate reports, assign audit findings, create and monitor action plans and more, with no additional cost to TENA clients. Read more about TWS here.
Contact us today to get started on your Pre-Funding Quality Control reviews!
TENA covers every step in the mortgage review process, from Pre-Funding to Post-Closing to Servicing, and more!
Fannie Mae issued Servicing Guide Announcement SVC-2024-06 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae clarified requirements related to eMortgages.
FHA issued Mortgagee Letter 2024-20 implementing Federal Flood Risk Management Standards for new construction properties located in Special Flood Hazard Areas. On April 23, 2024,
Fannie Mae issued Selling Guide Announcement SEL-2024-07 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to leasehold estates
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