Wholesale Quality Control & Broker Monitoring Policy Manual

HUD requires that DE mortgage lenders, also called FHA sponsors, perform quality control on the loans they fund from mortgage brokers and correspondents. Referred to as "wholesalers," these lenders must follow specific quality control steps for both government and conventional loans when approving and monitoring third party originators. You'll find these details, monitoring steps and more in the AllRegs Wholesale Quality Control & Broker Monitoring Policy Manual.


The Wholesale Quality Control & Broker Monitoring Policy Manual includes all of the most recent agency requirements, best practices, and covers the following topics:

  • Fannie Mae Requirements
  • Freddie Mac Requirements
  • FHA Requirements
  • Third Party Originator Approval
  • TPO Monitoring and Performance


The manual features the following benefits:

  • Complete AllRegs' Wholesale Quality Control & Broker Monitoring Policy Manual saving you development time and resources
  • A policy is delivered via email within one business day after purchase
  • Customizable by you, with your internal policies and procedures
  • Ability to add, delete and update your plan to suit the business model of your organization
  • Meet your regulatory or internal compliance requirements
  • Affordable one-time purchase fees

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Maintenance: Receive regular and ongoing industry updates to keep your policy within regulatory requirements.

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Policy Manual
Wholesale Quality Control & Broker Monitoring
Section Title Priority Action
1.1 Goals and Objectives Mandatory Review Include the point of view or culture of your organization in this section, if applicable.
1.2 Required Review Mandatory Review Be sure this accurately reflects your company’s annual policy review process.
2.1 Internal Controls Mandatory Review Include or reference related procedures in this section.
3 Staff and Training Mandatory Review Include the means by which your organization provides and tracks required training.
4.2 Approval Process Recommended Best Practice Include your internal procedures for approving third party originators
6.5 Sale and Transfer of Loans Optional Enhancement This section requires that loans sold and transferred be reported via the FHA Connection to HUD. You may choose to add your internal procedures.
7.2 [Sample Client] Wholesale Recommended Best Practice This section describes your wholesale channel of business. You should modify this to fit your business requirements.
7.5 Application Review Procedure Recommended Best Practice Augment this section to include your business procedures for TPO review.
8.2 TPO Monitoring Optional Enhancement This includes quality assurance procedures for evaluating TPO performance. Amended as needed for your organization’s wholesale requirements.