FHA requires periodic branch audits, and Fannie Mae and Freddie Mac recommend such reviews. 

If not completed by their internal staff, a Client may engage Quest to complete the annual on-site reviews of each of their branch offices, as required by the agencies.  The visits may be either announced or  unannounced, and ensure compliance with the Client’s and Investor’s/HUD’s guidelines.  An in-process and denied/Withdrawn loan sample is selected and stratified to encompass all stages of the loan process handled at each location and all personnel.