In banking, the phrase “missing documents” refers to documents that a bank should have in its files but does not.
Mortgage quality control involves preparing the correct documents, obtaining signatures from the right people, providing the proper disclosures at the appropriate time, and maintaining accurate documentation.
The phrase “multiple guarantors” is used by financial institutions when describing a loan that is guaranteed by more than one entity. A guarantor could be an individual, LLC, corporation, or another type of entity.