Protect Your Portfolio from Potential Repurchase Risk
Our proactive origination review uses the same analytics behind the GSE loss mitigation review significantly reducing the risk of repurchase.
Digital Risk has the unique capability to help lenders avoid repurchase risk through a deep and precise knowledge of GSE requirements.
Our proactive review process at point of origination using the same analytics behind the GSE loss mitigation review, Digital Risk can significantly reduce repurchase risk. Furthermore, Digital Risk is currently licensed to participate in regulated mortgage origination activities in 45 states.
Contract Underwriting
Digital Risk’s seasoned underwriters are extensively trained on all federal and state laws and regulations, investigative skills, data sources and applicable guidelines and use a proprietary risk mitigation platform to perform:
- Document validation, encompassing review of required employment level, income and asset documentation, full appraisal review and credit report review
- Income, asset, debt and cash flow analysis
- Program requirement review, including assignment of decision grades and complete client system inputs
- Fraud review, leveraging Digital Risk’s proprietary technology to prevent repurchases
Pre/Post Funding Quality Control & Due Diligence
Digital Risk’s Pre/Post Funding Quality Control and Due Diligence solutions guard against potential repurchases and improve loan quality through in-depth review of credit, fraud, collateral, compliance and data components. Underwriters leverage proprietary automated underwriting technology to provide independent analysis, re-verification and data integrity of loans. Robust reporting technology details systemic issues needing immediate corrective action. Quality Control and Due Diligence ensures veracity of file information to prevent losses from loan fraud and unsalable loans.
Verifications are made to ensure adherence to:
- Internal lender processes and guidelines: Underwriting standards, policies and procedures and closing documents and procedures
- GSE standards and regulatory compliance: Freddie Mac, Fannie Mae and FHA/VA guidelines, as well as federal and state compliance requirements
- Appraisal and property inspection reports: Re-verification of all third party income and asset documentation, evaluating underwriting processes and procedures and confirm data integrity
Loan Modification Support
Digital Risk’s loan modification and underwriting solutions help clients manage capacity and ensure compliance levels are met through meticulous review and validation of all legal and underwriting requirements. Client-centric teams trained on clients’ specific requirements accommodate any capacity required. Underwriters, processors and servicing default professionals specializing in loan modification fulfillment perform:
- Document validation, encompassing review of required employment level, income and asset documentation, etc.
- Income, asset and debt cash flow analysis
- Program requirement review, including assignment of decision grades and complete client system inputs
Distressed Asset Due Diligence
Digital Risk’s pre-purchase reviews provide deep, loan-level intelligence to ensure all purchaser requirements are met by confirming credit and valuation compliance. Our client-dedicated analytical teams leverage customized technology and reporting to provide statistical and analytic models along with robust due diligence reporting to support and validate decisions regarding credit, performance, expected loss and potential profitability. All necessary elements are thoroughly reviewed including:
- Valuation
- Historical Servicing Analysis
- Regulatory Compliance
- Exit Strategy
