The purpose of the Quality Assurance analysis is ensure that loans meet applicable credit, value, data, title and document guidelines. Quality Assurance reviews also include a fraud analysis. One important outcome of a Quality Assurance Review are specific solutions to systemic loan defects.

Credit Re-underwriting – the purpose of credit re-underwriting is to evaluate whether loan conforms to underwriting guidelines, identify guideline exceptions and determine whether the exceptions reasonably rely on appropriate compensating factors.

Fraud Detection and Prevention – the purpose of the review is to determine whether fraud occurred in the origination of the loan and or to prevent a fraudulent loan from closing.

Collateral Advisory Services – the purpose of the collateral review is to confirm the value of the underlying collateral. Digital Risk utilizes licensed appraisers to conduct valuation services.

Regulatory Compliance Reviews – the purpose of compliance reviews is to conform compliance with local, state and federal laws. Digital Risk utilizes compliance specialists and state-of-art software to keep current on the latest regulatory changes.

Operational Risk Reviews – the purpose of the operational risk review is to determine whether the counterparty’s risk controls appropriately mitigate risk, identify opportunities for improvements and make an overall determination of counterparty risk from an operational standpoint.