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.