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One Diligence LLC is capable of ingesting loan files through API, Secure server upload or client portal to generate loan document inventory table together with exception on missing documents and a fully indexed loan file with extracted data in the raw format available for porting into client’s system. The process is fully automated to quickly digest all loan files in the portfolio and verify if all of the expected documents present. One Diligence LLC generates report for client on exceptions through web viewer or CSV or API.  Read More>>>>>

Verification of the information the borrower gives the lender. The borrower’s income and assets are analyzed to determine if there is sufficient support for the loan and his other obligations (ability). Confirm the ability to repay the loan. Review the borrower’s credit to determine if their past history reflects a sense of integrity regarding debt repayment (willingness). Loan parameters meet the program requirements. The mortgages originated under the seller’s programs conform to its policies/requirements and are of acceptable quality The collateral to secure the loan is valid and sufficient to be used the secure the note. The appraisal or property inspections indicate no structural defects. Help the lender to look problematic information and strengthen the ability to identify borrowers who could present a substantial credit risk to the lender that could compromise the lien. Across U.S. government agencies — such as the Federal Housing Administration and the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac — we help lenders adhere to various procedures and audits to guarantee that specific loans meet purchasing requirements. Unbiased underwriting and data analysis helps lenders pinpoint underlying issues and potential fraud. Mortgage fraud can take shape through minor exaggerations or omissions of information on a loan application. Ultimately, this causes lenders to suffer financially and operationally. Through a rigorous due-diligence process — including asset verification and valuation reconciliation — lenders can ensure confidence of quality results.  Read More>>>>>

Review of lender’s policies and procedures to confirm they meet investor requirements. Creating a competitive advantage is never easy and the ability to utilize it is often the difference between dramatic success and failure. So it is with internal logistics that we find our competitive advantage. By internal logistics we mean the way the workflow of people, files, and information passes through our office. Policy are drafted to evaluate multiple factors including the borrower’s ability and willingness to pay (Ability to repay. Aka ATR) and adherence to guidelines using a detailed review of the borrower’s income, assets, collateral, and past history. Review the loan documents and relevant underwriting guidelines and contracts to help determine if the mortgages conform to its policies/requirements and are of acceptable quality. When applicable, a review of the files to the Automated Underwriting System output within the file will also be performed.  Read More>>>>>

Within a highly regulated industry our automated TRID check provide lenders with quick and efficient ways to cross-check documents for any violations that lead to noncompliance, fines or defective loans. Mortgage compliance is the industry’s general term that refers to the rules and regulations that control the mortgage process. They are many Federal, State, and Local predatory lending laws that can lead to exposure, we guide the clients in determining risk. Purchasers and assignees may be subject to all affirmative claims and any defenses with respect to the loan that the borrower could assert against the original creditor or broker of the loan. Compliance scripts are customizable allowing clients the ability to set their own standard thresholds and testing practices. In some instances, a client may elect to include a full analysis of RESPA requirements, for an additional fee, and in other cases not. Help lenders solve potential problems involving unconventional borrowers by guiding them with the dos and don’ts of mortgages. Home Mortgage Disclosure Act (HMDA) - Credit unions are required to collect, maintain, and report loan-level details under HDMA. Additionally, HMDA is in place in order to track whether or not lending institutions are serving their community’s need  Read More>>>>>

When servicing a loan one of the biggest hurdles is knowing the borrower before boarding the loan onto your servicing system. With the risk associated with varying loan products let us work with you to do a review that suits your needs be it a full portfolio review of a percentage of the files. We have the expertise and flexibility to provide the right review for your purchase needs.  Read More>>>>>

One Diligence LLC offers many curative services ranging from Title Policy, HUD and Note retrievals to title curative actions. One Diligence team is capable of fixing assignment breaks, chasing prior lien or mortgage releases, municipal lien releases, pay off lien and HOA generation, working with municipalities to resolve violations, coordinating attorney engagements.  Read More>>>>>

The Rating Agencies (RA) assigns credit ratings which rate a debtors' ability to pay back debt by making timely principal and interest payments and the likelihood of default. They apply forward-looking opinions on the relative ability of an entity or obligation to meet financial commitments. It is important that the right information is gathered, analyzed, and presented (reported) in a clear and concise manner. We have the team and experience to handle any engagement, with processes for quality, compliance and reporting standards to comply with regulatory, rating agency and investor requirements. The scope of the review may be expanded as necessary in cases in which the bank offers new or significantly changed products, a particular concern exists, or there are larger, more complex operations. To significantly mitigate risk, we examine all mortgage documents prior to securitization, and to confirm the mortgage is valid and free of legal encumbrances.  Read More>>>>>

We know that our clients rely on follow up work to help them in their exit strategies for their acquired loan files. We have set procedures to help are clients with after review confirmation and reporting. 1) As a third-party review firm (TPR) we will attest to our review process in a timely manner to help you close your trades on time and 2) We stand behind our reviews and will support clients by documenting that you and your investors can rely on the loan quality, our reports and review methodologies.  Read More>>>>>

Perfecting loan collateral requires an audit of all documents to guarantee accurate and complete data. A comprehensive doc review includes examinations of any relevant documents including: 1) Mortgage documents 2) Existing notes and executed riders 3) Certificate of mortgage insurance and/or guarantees 4) Assumption or modification agreements 5) Note Endorsement(s)/Allonge(s) and Mortgage Assignments 6) Determine if the Security Instrument is currently registered with MERS 7) Leasehold estate documentation, 8) settlement statements 9) Evaluate the Title Work and policies, and 10) Condominium or cooperative documentation. Each borrower is different from the next. Facilitating a customized review of all loan terms and documentation based on each borrower’s unique characteristics ensures protection for the lender should the borrower default on the loan. We help our clients by confirm that the property pledged as a security covers the debt. For example, real estate securing a mortgage, collateral can be repossessed if the loan is not repaid.  Read More>>>>>

Review the servicer payment history for each loan to establish a payment history string based on either the client’s proprietary method or the commonly used MBA or OTS delinquency definitions or a combination thereof. Identify discrepancies between the servicer’s payment string and the audited payment string and provide an explanation when applicable for any discrepancies identified. Additionally, a cash flow velocity report is created for the client’s review. Review the file to see if the needed items are collected as they become due 1) payments of principal and interest, 2) any sums to be held in escrow for the payment of taxes, assessments and other public charges that are generally impounded, hazard and/or flood insurance premiums, FHA insurance or private mortgage insurance premiums, condominium association dues and fees and other sums required to be collected and disbursed for Borrowers (collectively, “Escrowed Sums”), if applicable, and 3) all other payment from Borrowers and/or Mortgagors.  Read More>>>>>

Servicing commentary is analyzed to determine the reason for the asset’s underperformance and to identify clues regarding the potential risk for the loan and their ability to re-perform in the future. Additionally, 1) the current home value 2) distressed property conditions 3) occupancy issues 4) income 5) current Loan/Legal Status 6) borrower intentions and current financial situation 7) Loss Mitigation Efforts 8) Title concerns 9) Is the borrower engaged with the servicer? 10) origination misrepresentations, etc. are identified through the review of these servicing/collection comments We review the notes and file documents to: 1) articulate the default triggers 2) identify matters pertaining to high-risk borrowers and guarantors 3) identify state Statute of Limitation that may impact future servicing rights (state law varies from state to state for a foreclosure 4) defense to a lender's attempt to foreclose For FHA Quality Control Review, the definition of an early payment default involves loans which become 60 days past due. (FHA 6-10D). The loan file is delivered to Quality Control for a loan level review of risks, to determine if there is any defect that would have prevented the loan from being eligible for approval initially. The federal government began requiring mortgage servicers to have a single point of contact (SPOC) for defaulting borrowers in 2011. We help lenders focus their efforts to maximize a homeowner’s eligibility for various loan modification programs by auditing the loan file. Under the CFPB’s new rules a servicer is prohibited from making the first notice or filing required by applicable law for any foreclosure process until the loan is more than 120 days delinquent. Company Name cannot commence or continuing the foreclosure process while a completed loan modification application submitted by a borrower is pending, until (1) the mortgage servicer makes a written determination that the borrower is not eligible for a loan modification and (2) any appeal period has expired.  Read More>>>>>

One Diligence LLC offers a tax and title review for 3rd party title providers, like ProTitleUSA, to accurately evaluate title defects, risks and grading for each property based on the title search review. After the review is performed, One Diligence will issue a exception report with summary of all found defects, lien positioning, grade per property, liens and lien totals surviving the foreclosure, tax status, vesting defects, origination and post-origination defects, breaks in assignment chain, suggestive curative actions. One Diligence offers automated report generating for 14E securitization TPR reporting, seller rebuttal reports, side letter reports and exception reporting. One Diligence LLC is one of the very few TPR forms capable of reviewing Tax/Title reports, Unrecorded Liens on each asset, Bankruptcy results and Title Exam and Collateral review results in a single client dashboard.  Read More>>>>>

One Diligence LLC is building on the brand new Natural Language Processing (NLP) technology on top of the OCR and Machine Learning to limit human One Diligence LLC is building on the brand new Natural Language Processing (NLP) technology on top of the OCR and Machine Learning to limit human in the loop (HITL) intervention is a minimum. NLP allows more human approach of document tagging and data extraction then pure text OCR. Cloud based solution also allows a flexible server assignment for faster document processing, in comparison to fixed server farm systems. As a result, One Diligence LLC produces a fully indexed loan file with extracted data in the raw format available for porting into client’s system.  Read More>>>>>