Mortgage Quality Control Business Network l Nationwide Business Networking

The Mortgage Quality Control Business Network is a community of mortgage professionals nationwide brought to you by mortgage quality control guru Dr. Gary Lacefield.

Our business network not only brings together thousands of mortgage quality control professionals from across the county, but aligns them with hundreds of other professionals in their local area, dedicated on providing top quality service, and growing their businesses through mutual referrals. This assists them in easily grow their business properly, through business networking.CLICK HERE to watch a 2 minute video on how we can grow your business in the first 30 days...FOR FREE!

In fact, we can even get your business listed on the first page of major search engines FOR FREE usually within 30 days, check out the latest rankings of members via recent Keyword Searches.

We are committed to helping the city, providing top quality service, and growing our businesses through referrals. We are affiliated with over 400 other business networks throughout the United States, and are dedicated towards helping small businesses everywhere succeed. For a complete list of our other business networks, click here.

FREE Search Engine BOOSTER – We will help get your company's information on the first page of major search engines within 30 days. See Video
FREE Directory Listing – A semi-excusive listing in our directory and won't get lost in a phone book full of competitors (if available)
FREE Professional Networking - Your information will be linked to up to 1,200 other professionals in your area. You will also be notified each time a new local business joins for introduction and alliance building.
FREE Referral Management System - Real-time tracking of all referrals sent and received, allowing you to maintain full accountability and always know the exact status of your referral from origination until completion.
FREE Online Web page - Your own unique web address and web page providing detailed information on your company, including: hours of operation, preferred method of contact, trade/business associations, Google mapped location & a complete rating system.
FREE Social Network- Feel free to access to our social network, where you can create a profile, write blogs, start discussions, join a group, or upload photos and videos.

Membership in the Mortgage Quality Control Business Network is FREE; however, you can upgrade your account to PREMIUM at any time for less than $20 a month and get ALL these additional benefits:

(To upgrade your free account, simply log in to your free SmartGuy.com account, select the Billing Tab, select "Premium" and enter your credit card information. "Premium" accounts always take precedent and priority placement over free accounts. You can also sign up here.)

The Mortgage Quality Control Business Network is operated by Dr. Gary Lacefield. He is also the President of SmartGuy University and Dean of the Mortgage College. Additionally he is President and Senior Consult of the Risk Mitigation Group and serves as a Senior Lecturer at the University of Texas at Arlington. He is an educator, trainer, and leading authority on facilitated communication having earned a Doctorate in Education from Texas A&M University at Commerce with a focus on supervision and conflict resolution.

Dr. Lacefield also earned a MBA in Management from Dallas Baptist University where he developed the Graduate Conflict Resolution Program and curriculum for the Graduate School of Business. His expertise includes corporate programs that promote reconciliation, settlement, and understanding involving disputes related to labor management issues, EEO complaints, partnerships, as well as, criminal matters. His professional experience includes expert witness testimony, consultation regarding civil rights related issues and the financial industry.

Prior to starting his consulting business, Dr. Lacefield worked ten years for the US Department of Housing and Urban Development (HUD) as their Supervisor of Investigations for their Southwest Region. He assists legal professionals, companies and others in complying with the Fair Housing Act, RESPA, mortgage fraud and regulatory compliance and quality control. Dr. Lacefield actively trains HUD field investigators, as well as other financial law enforcement entities, and is considered an "expert witness" that is highly utilized in lawsuits involving residential mortgage finance-related issues.

As President of Risk Mitigation Group, Dr. Lacefield spends much of his time training others and has created a series of online videos available at RiskMitigation.net . He also has developed other training DVD's and books to inform the mortgage and home building industry as to how to better comply with laws by utilizing common sense ideas and how to take advantage of some of their provisions.

Quality Control Managers are finding the process of auditing mortgage loans files more challenging in today’s environment than at any other time in the history of mortgage finance. You would thing that with the advent of very sophisticated fraud detection software, and tighter underwriting and documentation requirements, that identifying fraud would be much simpler. However, the better the technology, the people that want to cheat the system will work tirelessly to find weaknesses in the software’s armor so to speak. Most mortgage backed software, underwriting guidelines, and investor requirements are in place to drastically reduce the instances of misrepresentation and fraud, not eliminate it.

Most of these programs really only keep the honest people honest. The profile of the typical fraudster includes the following: 1) they have an real estate and/or mortgage background which provides them a working knowledge of the processes involved; 2) they have an insatiable greed for money and the things money provides including but not limited to power; and 3) they lack a moral compass, and really do not care who ultimately gets hurt.

One of the leading fraud techniques as we are seeing has really been around for quite a while but is being used much more prolifically in today’s environment. It is the inflation of a person’s credit score by purchasing one or more trade lines from an individual or company that has set up such a credit card vendor account for that very purpose.

These companies unabashedly advertise on the internet, through disreputable credit counseling services, and through direct contact with realtors and lenders. The fact is, it is not illegal to sell or purchase these types of trade lines. It becomes illegal, when the use of these trade lines artificially boosts someone’s credit score to help qualify for a mortgage loan. These borrowers may pay as much as $500 per credit line, often times spending more money than it would take to pay off some of the outstanding debt and do it right.

Issues to watch for are trade lines that have been on a borrower’s account longer than reasonable such as “for 12 years” yet the borrower is only 24 years old. Meaning they had an account with Capital One since they were 12. Not impossible, but certainly improbable. Another issues ia a person who has been banking with a bank that is only located in Chicago, and the person’s credit report indicates that they have never lived or worked in the Midwest. Once again, not impossible, but highly improbable.

Part two of this series we will explore in detail ways to keep up with the fraudsters.

Be sure to check out the affiliate program which pays YOU for everyone you refer who signs up on our network. Our affiliate program enables you to make money, while building your business through referrals! Please note: We do not sell or rent our lists or contact information (see privacy policy). We review each registration to determine if the profession is compatible with our network. Not all registrations will be accepted. Acceptance is NEVER based on race, gender, religion, family status, or gender preference.