Pay History Review

At OneDiligence LLC, we specialize in reviewing servicer payment histories for each loan to establish an accurate payment history string. This is based on either the client's proprietary method or the commonly used Mortgage Banker Association (MBA) or Office of Thrift Supervision (OTS) delinquency definitions, or a combination of both. Our process includes: • Discrepancy Identification: We identify discrepancies between the servicer's payment string and the audited payment string, providing explanations for any discrepancies found. • Cash Flow Velocity Report: We generate a detailed cash flow velocity report for the client's review. Additionally, we review the loan files to ensure the timely collection of necessary items, including: • Payments of principal and interest • Escrowed sums such as taxes, assessments, public charges, hazard and/or flood insurance premiums, FHA insurance or private mortgage insurance premiums, condominium association dues and fees, and other required sums • All other payments from borrowers and/or mortgagors Our thorough review process ensures accuracy and compliance, helping clients manage their loan portfolios effectively.