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

Enhanced Data Integrity

  • 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

Exception Management

  • 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

Integration to Servicing Platforms

  • Facilitate completion of boarding process using flexible and configurable outputs to servicing systems

  • Custom integrations to third-party platforms available

Add-ons

DocQC

  • 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

Counterparty Audit

  • 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