Loan Acquisition
Efficiently finance, purchase and sell, securitize or hold residential whole loans. You can monitor the entire loan pipeline, handle third-party reviews, and fund/settle loans on a streamlined, automated basis.
Sellers can utilize a fully integrated portal to lock and price loans on a flow or bulk basis to your eligibility guidelines and pricing. Sellers can monitor their pipeline and upload credit documents and satisfy conditions raised during reviews.
Product Highlights
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► Allow applied sellers to run pricing scenarios through the seller portal (Connect)Allow applied sellers to run pricing scenarios through the seller portal (Connect)
► Track all onboarding activities from the initial inquiry to signing the MLPA
► Enable self-sufficiency by letting sellers manage their own users
Seller Management
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► Create product eligibility rules for flow and bulk acquisition
► Maintain daily rate sheets with flexibility to override using off-sheet pricing
► Create and track forward commitments with sublimits
Pricing and Eligibility
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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 fundings
Pipeline Management
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► Direct orders to appropriate diligence vendors based on product & volume
► Manage collateral review through integrations with custodians
► View & resolve third-party reviewer’s results using automated vendor data feeds
► Empower sellers to view exceptions and provide requested information
Third-Party Reviews
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► Securely upload and store credit documents at a trade, pool, and loan level
► Exchange documents with third-party vendors through secure integrations.
► Upload documents one at a time or in bulk
Document Management
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► Manage collateral review through integrations with custodians
► Generate funding schedules with amortized balances, calculated interest and fees
► Paperless signature approvals with integrated DocuSign technology
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, 1008, 1003, etc
► Validate FNMA 3.4 pricing inputs against extracted data points
► Detect data discrepancies between indexed documents
► Check for required documents prior to ordering third-party reviews
► Preemptively generate conditions normally caught by the TPR
DocQC
Pledge
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► Manage warehouse lines and borrowing activity
► Define pricing, eligibility, and sub-limit definitions in accordance with MRAs and PSLs
► View liquidity forecast to track any cash short-falls and drive funding decisions
► Process fundings and returns on any line
► Recalculate borrowing base in real-time for any collateral updates
► Fully integrated with lenders that use SSI’s Warehouse Lending product
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► Perform periodic QC audits on your counterparties
► Inform counterparties of upcoming reviews
► Configure questionnaires to facilitate reviews
► Define eligibility checks that trigger based on questionnaire responses
► Sample loans to review randomly, statistically, or using adverse criteria
► Update counterparty’s tier based on their performance
Counterparty Audit
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► Allow your team to focus on growing the business by having SSI support model your pricing and eligibility guidelines for you
► Start using a new program within a week of providing SSI with guidelines
► Ensure accuracy using robust test scenario tool