Credit Only Review

As a lender, verification of the borrower’s information is crucial. At OneDiligence we flag problematic or conflicting information submitted by the borrower to enhance the lenders’ ability to identify borrowers that could impose a substantial credit risk, compromising the loan. 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. A few ways OneDiligence puts lenders minds at ease: • Analyzing the borrower’s income and assets to determine if there is sufficient support for the loan with the other obligations the borrower may have, confirming their financial ability to repay the loan. • Reviewing the borrower’s credit to determine if their past history reflects a sense of integrity regarding debt repayment, or willingness to repay the loan. • Confirm that the mortgage originated under the seller’s program conform to the appropriate policies and/or requirements while also being of acceptable quality. • Verify and confirm that the collateral used to secure the loan is valid and sufficient to properly secure the note. • Ensure that the appraisal and/or property inspections indicate no structural defects • Unbiased underwriting and data analysis to pinpoint underlying issues and potential fraud Across U.S. government agencies — such as the Federal Housing Administration (FHA) and the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac — we assist lenders in adhering to various procedures and audits to guarantee that specific loans meet purchasing requirements.