At the Quality Control Audit Workshop: Conducting Effective Audits, attendees learn about the components needed to conduct and implement a successful quality control program. Industry experts guide attendees through all facets of a comprehensive QC audit. File review activities will emphasize the importance of file review, re-verification processes, report generation, and the follow-up function. Discussions will look at the use of random, targeted, discretionary and statistical file selection protocols to enable students to gain a working knowledge of routine, pre-funding, post closing and due diligence audits.

In addition to teaching attendees the best techniques for efficiently auditing file documentation and data, instructors demonstrate how federal, state, investor and internal requirements can be effectively incorporated into the quality control audit process. Case studies provide hands-on experience identifying best business practices, red flags, and fraud warning signs. The final session demonstrates how to administer an effective follow-up process, teaching you how to leverage audit results to mitigate losses and reduce operating expenses.