Quality Control Worksheet Template (Sample)

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13241 SW 136 St / Miami, Fl. 33186
Ph.(786)425-5000 / Fax (305)234-4540
It is the responsibility of the MSR and the Loan Officer working on this loan to ensure that the quality of the file is of the highest standard. MSR’s and Loan Officers will be held
accountable for any errors.
QUALITY CONTROL WORKSHEET
The following loan documents have been verified and are properly filed within the loan folder according to Policies and Procedures. Exceptions are documented
and initialed by the approving loan officer.
YES
NO
N/A
EXCEPTION
1. Debt to income Ratio: _____% Ratio within LO Approval Limits
____
____
____
____________
2. Beacon Score: _____ Score within LO approval limits
____
____
____
____________
3. LTV: _____% for a term of _____ Months
____
____
____
____________
4. Interest Rate _____% within guidelines
____
____
____
____________
5. Loan Issued according to LO guidelines
____
____
____
____________
6. Copy of Check
____
____
____
____________
7. Original TOP and BOTTOM portion of Check in file
____
____
____
____________
8. Members Signature on TOP portion of Check
____
____
____
____________
9. Vehicle Information / VIN on loan check
____
____
____
____________
10. Copy of Sight Draft
____
____
____
____________
11. Fee Print out with Correct Doc Stamps / Gap / Title Fees
____
____
____
____________
12. Signed Purchase Order/Retail Agreement/ Bill of Sale
____
____
____
____________
13. Application Signed and dated correctly
____
____
____
____________
14. Copy of CZA / Calculation of Payments
____
____
____
____________
15. Credit Score Disclosure Notice
____
____
____
____________
16. Consumer Lending Plan Signed by the member
____
____
____
____________
17. ID Verification form For All parties involved in transaction
____
____
____
____________
a. Permanent Resident Information included if Applicable
____
____
____
____________
18. Agreement to Provide Insurance
____
____
____
____________
19. Security Agreement with correct Finance Information
____
____
____
____________
20. Signed Power of Attorney forms (2)
____
____
____
____________
21. Coupons Ordered
____
____
____
____________
22. First Payment due letter with Coupon
____
____
____
____________
23. Income Verified and documentation in the file
____
____
____
____________
24. Copy of Nada page used for vehicle valuation
____
____
____
____________
Additional Refinance and/or Private deal forms
YES
NO
N/A
EXCEPTION
1. Loan Pay off Form / Copy of Title
____
____
____
____________
2. Signed Notice of Lien
____
____
____
____________
3. Inspection Form
____
____
____
____________
4. Application for Certificate of Title (Form 82040)
____
____
____
____________
5. Motor Vehicle Title Reassignment Sup. (Form 82994) Elec. Title
____
____
____
____________
System Verification
1. Collateral Description and VIN correct in the system
____
____
____
____________
2. First Payment Due Date, Amount, And frequency calculated correctly
____
____
____
____________
3. Doc Stamps calculated Correctly
____
____
____
____________
4. Collateral and Purpose code correct
____
____
____
____________
5. Distribution plus / Automatic Payments or payroll deduction set up
____
____
____
____________
__________________________________________________ Date:______________________
MSR/Loan Officer Print & Sign Name:
__________________________________________________ Date:______________________
Reviewing Officer Print & Sign Name:

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