ProductionQC
The Cogent ProductionQC System is a flexible, full-featured loan quality control and compliance auditing application that is designed to fit easily into your current loan quality control process. The system provides highly customizable sampling, analysis and reporting capabilities from a common database of loan production data.
The System accommodates multiple review types, including pre-funding, post-funding, fraud, EPD, repurchase, appraisal and compliance – each with its own separate and independent sampling, auditing and reporting functions. Like all Cogent QC Systems, the ProductionQC System is designed for multi-user networks, integrates completely with other Cogent Systems, and includes a powerful Statistical Utilities toolset.
- Easy-to-use sampling, auditing and reporting modules require only basic Windows skills and provide immediate and complete access to monthly production data from any loan origination system or data mart.
- Cogent's statistical sampling methodology now guides the mortgage quality control reviews of over $1 trillion in annual mortgage originations and allows you to replace the traditional 10% random sample with a statistically accurate sample of ~1-2%.
- Customizable, multi-user audit functions provide flexible, interactive screens to guide reviewers through their audits. The system automatically generates reverification letters and other relevant documents.
- Sophisticated & concise management reports enable statistically valid inferences about target loan populations and allow you to display results graphically and in tabular form.
- Customizable audit environments enable multiple audit types and scopes, including Fraud, EPD, Repurchase, Appraisal, Compliance and other special-purpose reviews.
