Quality Control makes the Community Bank Money!

Compliance is costly, but it’s more critical to the bottom line than ever before and can save lenders big dollars in regulatory scrutiny. Strict Fannie/Freddie requirements are forcing many lenders to identify and eliminate mistakes in home loans. 

A community bank should be aiming for a loan defect rate of just 1%.  That means just 1% of the bank’s loans would be considered high risk (unable to be sold to Fannie/Freddie).  There was a time when a 10% number seemed reasonable to most bankers, but the GSE’s are demanding that lenders produce higher quality loans with few mistakes.  

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SAMCO Appraisal Management Company is a nationwide appraisal management service for community banks. We provide regulatory compliance and save our clients actual dollars at the end of the day.

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