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What is a quality control checklist?

Quality control inspection checklists serve two main purposes 1. they outline quality standards and product requirements the company is expected to meet and 2. they provide objective criteria for inspecting the product to ensure it meets customers expectations.

What is the QC plan for mortgage?

Overview. the QC plan must guard against fraud, negligence, errors, and omissions by officers, employees, contractors (whether or not involved in the origination of the mortgage loans), brokers, borrowers, marketing partners, appraisers, and others involved in the mortgage process.

What would disqualify a house from FHA?

The FHAs three requirements are that a property must be safe, secure, and structurally sound to qualify for one of their loans. Properties cannot have adverse conditions that might imperil the homeowner, and must meet proper building codes. As a buyer, these standards protect you from buying an unsafe property.