QC Review definition

QC Review means a quality control review of an Application or an insured loan that we conduct in accordance with our quality control processes and procedures.
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QC Review means a quality control review of an Application or an insured loan that we
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Examples of QC Review in a sentence

  • However, we will not request, and you will not be required to resubmit, any Origination File information or documents or Closing File information or documents that were previously submitted to us in connection with the Application, Independent Validation or QC Review of the related loan.

  • Individual Loan Review (QC Review) Banks should verify that brokers and originators have established policies and procedures sufficient to ensure that loans obtained from a broker and originated or purchased by the bank comply with applicable laws and the bank’s policies.

  • Lord Macdonald QC, Review of .uk Registration Policy, December 2013, http://www.nominet.org.uk/sites/default/files/ Lord%20Macdonald%20Report%20final.pdf.

  • Investors should note that any mortgage loans identified in the Freddie QC Review or in the review conducted by the third-party diligence provider that were found to have Underwriting Defects, Major Servicing Defects or Minor Servicing Defects were removed from the Reference Pool, but those found to have data discrepancies or exceptions that do not result in an Underwriting Defect, Major Servicing Defect or Minor Servicing Defect or violation of Eligibility Criteria will be included in the Reference Pool.

  • Refer to Section 7.0 QC Review Requirements and Processes for timelines applicable to files sampled for a QC Review.File submissions should include, at a minimum, the documents listed in Section 5.0 Required Documents.

  • National MI QC will finalize and share the findings with the MPH, after taking into consideration any response and additional information submitted.QC Review Scope, File Ratings and InterpretationThe QC Review is intended to confirm that an insured loan was underwritten and closed in accordance with National MI’s Underwriting Guidelines (including risk tolerances established by National MI) and priced appropriately.

  • MPHs who elect this option will be subject to sampling under National MI’s QC program described below in QC Review Findings for Sampled Delegated Loans.

  • If problems are not sufficiently corrected (as determined by National MI), National MI may refuse to insure new loans from the MPH and/or revoke the MPH’s delegated authority.Summary ReportingNational MI QC will periodically provide MPHs with reports summarizing their QC Review results.Master Policy Holder Questions about QCMPHs may contact their Account Manager to answer questions about National MI QC.

  • Further, as described below, when an insured loan is selected for review by National MI’s Quality Control (“QC”) Department (a “QC Review,” as defined in the Master Policy), such QC Review qualifies as an Independent Validation for such loan.If National MI has completed an Independent Validation on a loan and there are no Significant Defects, Rescission Relief for such loan is effective upon National MI’s notification to the MPH regarding the successful outcome.

  • Those validations will be carried out by National MI Insurance Operations unless the loan has been sampled by National MI QC and designated for QC Review (refer to Section 7.0 QC Review Requirements and Processes for details).

Related to QC Review

  • Periodic Review means a review conducted by Ofwat for the purpose of determining one or more Price Controls in accordance with Part III of Condition B, but so that references in Part IV of Condition B to a Periodic Review shall exclude any review carried out under paragraph 11 of that Condition and shall include the determination by the Competition and Markets Authority of the relevant questions or, as the case may be, the disputed determination referred to it under paragraph 16 of Condition B;

  • independent review committee means the independent review committee of the investment fund established under National Instrument 81-107 Independent Review Committee for Investment Funds;

  • Architectural Review Committee or “ARC” shall mean the architectural review committee established by the Organization to review plans submitted to the Organization for architectural review.

  • Utilization review means the prospective (prior to), concurrent (during) or retrospective (after) review of any service to determine whether such service was properly authorized, constitutes a medically necessary service for purposes of benefit payment, and is a covered healthcare service under this plan. WE, US, and OUR means Blue Cross & Blue Shield of Rhode Island. WE, US, or OUR will have the same meaning whether italicized or not. YOU and YOUR means the subscriber or member enrolled for coverage under this agreement. YOU and YOUR will have the same meaning whether italicized or not.

  • Drug utilization review means an evaluation of a prescription drug order and patient records for

  • Expedited review means an examination, in accordance with

  • Performance Review means a summative evaluation of a teacher other than a beginning teacher and used to determine whether the teacher’s practice meets school district expectations and the Iowa teaching standards, and to determine whether the teacher’s practice meets school district expectations for career advancement in accordance with Iowa Code section 284.7.

  • Benchmark Review means a review of the Services carried out in accordance with paragraphs 2.1 to 2.3 of Schedule 7 (Value for Money) of this Framework Agreement to determine whether those Services represent Good Value;

  • Utilization review plan or "plan" means a written procedure for performing review.

  • Peer review means evaluation of professional services rendered by a professional practitioner.

  • Review means a financial or operational audit, investigation, inspection or other form of review requested or required by the LHIN under the terms of LHSIA or this Agreement, but does not include the annual audit of the HSP’s financial statements;

  • Supervisory Review means ongoing clinical case reviews in accordance with procedures developed by ADMINISTRATOR, to determine the appropriateness of Diagnosis and treatment and to monitor compliance to the minimum ADMINISTRATOR and Medi-Cal charting standards. Supervisory review is conducted by the program/clinic director or designee.

  • Application Review Start Date means the later date of either the date on which the District issues its written notice that the Applicant has submitted a completed Application or the date on which the Comptroller issues its written notice that the Applicant has submitted a completed Application and as further identified in Section 2.3.A of this Agreement.

  • ATTORNEY REVIEW The Purchaser acknowledges that Purchaser has had the opportunity to consult with its legal counsel regarding this Agreement and that accordingly the terms of this Agreement are not to be construed against any party because that party drafted this Agreement or construed in favor of any Party because that Party failed to understand the legal effect of the provisions of this Agreement.

  • Program Plan means the tobacco settlement program plan dated February 14, 2001, including exhibits to the program plan, submitted by the authority to the legislative council and the executive council, to provide the state with a secure and stable source of funding for the purposes designated by section 12E.3A and other provisions of this chapter.

  • Clinical review criteria means the written screening procedures, decision abstracts, clinical protocols, and practice guidelines used by a health carrier to determine the necessity and appropriateness of health care services.

  • Independent review organization means an entity that is accredited to conduct independent external reviews of adverse benefit determinations.

  • Root Cause Analysis Report means a report addressing a problem or non-conformance, in order to get to the ‘root cause’ of the problem, which thereby assists in correcting or eliminating the cause, and prevent the problem from recurring.

  • Compliance Review means an inspection of the home, grounds, and files to determine compliance with these regulations.

  • Peer review committee means one or more persons acting in a peer review capacity who also serve as an officer, director, trustee, agent, or member of any of the following:

  • Medical Review Officer (MRO means a licensed M.D. or D.O. with knowledge of drug abuse disorders, employed or used by the City to review drug results in accordance with this procedure.

  • Utilization review organization means an entity that conducts utilization review, other than a health carrier performing a review for its own health benefit plans.

  • Board of Review or “board” means the state building code board of review created by Iowa Code section 103A.15. The three members of the board of review are appointed by the building code commissioner from among the membership of the building code advisory council.

  • Summary Subcontract Report (SSR) Coordinator, as used in this clause, means the individual at the department or agency level who is registered in eSRS and is responsible for acknowledging or rejecting SSRs in eSRS for the department or agency.

  • Training Plan means the plan that outlines what training and assessment will be conducted off-the-job and what will be conducted on-the-job and how the Registered Training Organisation will assist in ensuring the integrity of both aspects of the training and assessment process.

  • Medical Review Officer (MRO) means a licensed physician responsible for receiving and reviewing laboratory results generated by the school district’s drug testing program and for evaluating medical explanations for certain drug tests.