3402.6: Data integrity review (07/11/16)
- Marsha Freeman
© Freddie Mac Single-Family Seller Servicer Guide
The Seller's postclosing quality control review procedures for all Mortgages must include a review of the completeness and accuracy of the information obtained in the Mortgage origination process.
The data integrity review of the information must include a process for checking data fields entered in Loan Product AdvisorSM and ensuring that all data submitted is valid.
The Seller must perform a data integrity review on all Mortgages sampled to ensure that the loan data is accurate and consistent. Source documentation to be reviewed includes:
- Form 65, Uniform Residential Loan Application(s)
- Employment and income verifications
- Sales contracts
- Tax returns
- Credit data
- Asset documentation
- Property valuation documentation
- Mortgage delivery data, including the Key Number when applicable
If, in the course of a postclosing quality control review, the Seller determines that the Key Number for a Loan Product Advisor Mortgage is missing or is inaccurate, the Seller must notify Freddie Mac Quality Control at Seller_Servicer_QC_Reporting@freddiemac.com within 60 days of the finding.