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Quality Management-in-Finance.

Monday, 26 June 2017

If your mortgage financing transaction is mission critical to you or your organization, who can you trust? Do what the GSA, DOD & NASA do - hire an ISO 9001:2015 Certified finance company, like MortgageQuote Canada Corp. (MQCC)



What does MortgageQuote Canada Corp. (MQCC), US General Services Administration (GSA), Department of Defense (DOD), National Aeronautics and Space Administration (NASA) have in common? 

Recognition of the importance of higher-level quality standards for complex and critical items; namely, acceptance of a Certified ISO 9001:2015 Quality Management System to establish vendor credibility for complex and critical projects.


The below excerpt speaks for itself:

VOLUME I—PARTS 1 TO 51 FEDERAL ACQUISITION REGULATION ISSUED MARCH 2005 BY THE:
GENERAL SERVICES ADMINISTRATION [GSA]
DEPARTMENT OF DEFENSE [DOD]
NATIONAL AERONAUTICS AND SPACE ADMINISTRATION [NASA]

46.202-4 Higher-level contract quality requirements.

(a) Agencies shall establish procedures for determining when higher-level contract quality requirements are necessary, for determining the risk (both the likelihood and the impact) of nonconformance, and for advising the contracting officer about which higher-level standards should be applied and included in the solicitation and contract. Requiring compliance with higher-level quality standards is necessary in solicitations and contracts for complex or critical items (see 46.203)

  • 46.203 Criteria for use of contract quality requirements. The extent of contract quality requirements, including contractor inspection, required under a contract shall usually be based upon the classification of the contract item (supply or service) as determined by its technical description, its complexity, and the criticality of its application
    • (a) Technical description. Contract items may be technically classified as— 
      • (1) Commercial (described in commercial catalogs, drawings, or industrial standards; see Part 2); or 
      • (2) Military-Federal (described in Government drawings and specifications). 
    • (b) Complexity
      • (1) Complex items have quality characteristics, not wholly visible in the end item [ie.; financial underwriting and conditions fulfillment], for which contractual conformance must be established progressively through precise measurements, tests, and controls applied during purchasing, manufacturing, performance, assembly, and functional operation either as an individual item or in conjunction with other items. [ie; the complete origination, underwriting and funding process].
      • (2) Noncomplex items have quality characteristics for which simple measurement and test of the end item are sufficient to determine conformance to contract requirements. [ie: buying groceries]
    • (c) Criticality
      • (1) A critical application of an item is one in which the failure of the item could injure personnel or jeopardize a vital agency mission. A critical item may be either peculiar, meaning it has only one application, or common, meaning it has multiple applications. 
      • (2) A noncritical application is any other application. Noncritical items may also be either peculiar or common.

 or when the technical requirements of the contract require—

  1. Control of such things as design, work operations, in-process controls, testing, and inspection [internal & external audit]; or 
  2. Attention to such factors as organization, planning, work instructions, documentation control, and advanced metrology. 
(b) Examples of higher-level quality standards include overarching quality management system standards such as ISO 9001 [ISO 9001:2015 is the current standard as at 2017], ASQ/ANSI E4, ASME NQA-1, SAE AS9100, SAE AS9003, and ISO/TS 16949, and product or process specific quality standards such as SAE AS5553.

What does this mean to you?

Mortgage transactions (either for borrowers (borrower.mortgagequote.ca) or investors (investor.mortgagequote.ca)) are by their inherent characteristics "Technical", "Complex" and when you need the money most, "Critical".

If obtaining mortgage financing is "mission critical" to you, your family or your organization (commercial enterprise, property developer, construction company) then when you seek mortgage financing, work with MortgageQuote Canada Corp. (MQCC) which - for over 10 years, since 2008 - has certifiably met the higher-level quality standards which GSA, DOD and NASA require for their own complex and critical matters.

What did MortgageQuote (MQCC) do to make this happen?

Excerpt from the www.mortgagequote.ca website:

In 2006, MortgageQuote Canada Corp. (MQCC) developed what is today, the world's first bespoke ISO 9001:2015 certified, litigation tested, risk-based integrated Quality Management System (iQMS™) designed to enable continual statutory and regulatory compliance and to prevent statutory and regulatory nonconformity events; for the following scope: "provision of mortgage banking ("lending" in Canada) and mortgage brokerage services".

Our patent-pending and proprietary, continually improving world-class iQMS™ technology creates measurable levels of efficiency, quality, trust & confidence for the three critical risk management functions of a regulated and non-regulated financial sector company: Business (Operations), Enterprise (Compliance) and Governance (Audit) within a transparent ecosystem.

MortgageQuote Canada Corp. is the only company in Canada's finance sector, whose risk-based integrated Quality Management System technology is built on Standards that are both: recognized by 119 countries, including the Canadian Federal Government and all finance sector regulators; and certified thereto, by an Accredited Certification Body: "to safeguard consumers and users of [financial] products and services ..."

At MortgageQuote Canada Corp. "We do what we say and say what we do"; this approach "Makes Accounting, Banking, Finance & Investing Better"


How did MortgageQuote (MQCC) do to make this happen?

The answer to this requires disclosure of proprietary and patented pending information, which might require involvement of your professional legal, intellectual property and other advisors. Contact info@mortgagequote.ca to learn more about "how" we did we what did.



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