Mortgage Cadence runs quality checks on every loan, at every status change, while it’s still being built.
It costs about $11,000 to originate a single loan today. Every defect found after closing adds a bill on top of that number.
Most mortgage quality assurance still works the same way: pull a sample of closed loans, review them after the fact, hope the sample caught what mattered.
Once to originate, once to fix. Every defect found after closing pulls staff off new loans to go back and repair one that should have been right the first time.
A pattern of post-close defects changes how an investor prices, reviews, and trusts your next loan sale.
Every status change on a loan, application through closing, triggers a quality check: Is this date inside the range the guideline allows? Is this document present? Is this condition cleared?
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