The Client is responsible for completing and filing with the Internal Revenue Service and providing the then-current Form 1098(s) (Form 1098) to the borrower(s) for all pre-paid interest collected and for points paid by the borrower to the Client...
Resources > FAQ > CHAPTER-11-POST-FUNDING-FINAL-DOCUMENTS > 11-6-Form-1098-Year-End-Reporting
PHH requires all Clients to maintain a quality control plan within their own company to help guard against errors, omissions, and fraud. A general overview of the components of a sound QC plan are outlined below, however, detailed requirements of...
Resources > FAQ > CHAPTER-12-QUALITY-CONTROL > CHAPTER-11-QUALITY-CONTROL
PHH's Quality Control (QC) monitoring includes Loan reviews that take place both prior to and after loan purchase. All exceptions will be identified as to the level of risk the issue represents.
Remediation is required for all...
Resources > FAQ > CHAPTER-12-QUALITY-CONTROL > 11-1-Reviews-by-PHH > 11-1-Reviews-by-PHH
Resources > FAQ > CHAPTER-12-QUALITY-CONTROL > 11-2-1-Pre-Funding-Reviews > 11-2-Seller’s-Quality-Control-Plans
Resources > FAQ > CHAPTER-12-QUALITY-CONTROL > 11-2-1-Pre-Funding-Reviews > 11-2-1-Pre-Funding-Reviews