September, 2023
-
ICYMI- Fannie Mae Implements Changes to Prefunding and Post-Funding QC Requirements
In March 2023, Fannie Mae released a Seller Guide Announcement introducing upcoming policy enhancements to the prefunding and post-closing quality control review process. These changes include accelerating the post-closing QC review cycle timeline and establishing minimum prefunding volume requirements. Though lenders were encouraged to adopt the new guidelines immediately, the changes became mandatory on September […]
-
The Relationship Between Turnover and Internal Control Weaknesses
This blog was authored by my colleague Folashade Abiola-Banjac, a principal within our financial services forensic group. Everywhere you turn you see headlines of fraud and misappropriation of assets happening at all levels of financial institutions. However, turnover and its relationship to internal control weaknesses is a challenge to understand. Internal controls only work if […]