We offer full cycle support of a forensic investigation of an individual loan or 100,000. Our staff appraisers, experienced underwriters and advisors and affiliated companies can add tremendous value to you and your organization.
Services Provided:
With Loan repurchase requests becoming more of an everyday occurrence rather than a once in a career scenario, having an experienced company handling your repurchase and buyback requests is a sure way to save your company and save your company money. Your companies protection is our #1 concern and we know exactly what to do to assure your best bet in mitigating risk.
Buyback/Reconciliations Services:
Review of claims letters – Make recommendations on the next step.
Retrospective field reviews - Find factor first hand with a local appraiser.
Rebuttal Letters – To provide a solid case in your defense.
Alternative Resolution - Help negotiate and midigate any loses
Article in MBA Newslink “Hot Potato Mortgage Style”
Credit Risk / Repurchases:
These services include verification of loan documentation, credit underwriting, quality control, repurchase validation, due diligence, and compliance verification. A general description of the credit services are listed below. Each service is customized based on each client’s needs and the service(s). Pricing will be determined based on the client’s customized needs.
Verification of loan documents – Work with third party vendors or clients in obtaining documentation for credit, income, and asset verifications
Underwriting loan documents – Ensure loan documentation supports the loan application based on the client’s underwriting and program guidelines.
Quality Control – Re-verification of loan documents after closing.
Buyback and Repurchase Requests – Providing credit related services and appraisal services to clients.
Due Diligence – Produce teams of underwriters to audit loans included in security instruments.
Compliance review – Review and provide findings for all state and federal lending obligations.
***This statement of work is intended to provide a general description of the services CAG is offering. Each credit service will be expanded in detail to include the needs of each client. The services listed above are not limited to the descriptions contained herein***
