Loan Boarding
Ensure data tapes from prior servicers are clean and accurate before boarding loans to downstream servicing platforms.
Loans undergo a robust set of data checks to catch issues that can be remediated with the servicer using the Connect portal.
Product Highlights
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► Normalize data by mapping boarding tapes from different servicers into a consistent schema
► Evaluate loans against configured data checks and generate exception for violations
► Track all insurance policies in a single place
► Capture and view borrower phone preferences to ensure the correct contacts to call
Enhanced Data Integrity
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► Streamline exception clearing to board loans faster
► Automatically close exceptions upon loading a revised boarding tape
► Empower servicers to view exceptions and provide requested info via the Connect portal
Exception Management
Integration to Servicing Platforms
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► Allow sellers to register and lock loans and upload bid tapes through the Connect portal
► Manage loan pipeline for all sellers, including upcoming funding
Add-ons
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► Reduce delays and costs due to missing documents and data discrepancies
► Classify and organize documents from the credit package
► Extract key data points from documents like the Note, Title, Mortgage, and Escrow Disclosures
► Check for required documents prior to boarding loans to servicing systems
► Run boarding checks using extracted data points
DocQC
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► Perform periodic QC audits on your counterparties
► Inform counterparties of upcoming audits
► Sample loans to review randomly, statistically, or using adverse criteria
► Use configurable questionnaires to conduct loan-level reviews
► Clear conditions with the counterparty
► Adjust counterparty pricing based on audit outcome