Warehouse Lending

Streamline warehouse lending of residential whole loan collateral. Model warehouse lines according to your MRAs, including pricing buckets, eligibility rules, and sub-limits.

Borrowers can present funding requests through the Connect portal and review the proposed advance amount plus eligibility and sub-limit results.

Product Highlights

  • ► Onboard new borrowers easily by using the mapping tool to crack new funding tapes

    ► Empower borrowers to request fundings and monitor their line using the Connect portal

Borrower Management

  • ► Model sub-limit and eligibility definitions

    ► Define pricing buckets with advance rates, margin, index, and index floors

    ► Model adjustments for any aging criteria

Line Modeling

  • ► Easily monitor activity on all lines in real-time

    ► Qualify all loans and check against sublimits

    ► Calculate borrowing base automatically on each transaction

    ► Verify transaction meets lending criteria before committing it

    ►Real-time wire instruction validation

Fundings and Payoffs

  • ► Reconcile inventory against the custodian’s loan schedule

    ► Update loan-level borrowing base for common events such as mark-to-market, remittance update, and wet-to-dry

    ► Recalculate line daily to capturing any aging adjustments

    ► Apply a margin call to close any deficit

Collateral Updates

  • ► Manage wire instructions across closing agents and correspondents

    ► Track borrower’s operating account balance

    ► Validate borrower has required cash prior to funding

    ► Enter payables and pair them off when processing returns and collateral updates

Wire Disbursement

  • ► Load daily rate sheets with the price marks

    ► Define LLPAs and SRP adjustments

    ► Calculate and set the mark on all inventory loans on a daily basis

Marks Calculation

  • ► Generate journal entries for all collateral updates

    ► Track daily interest accrual for all lines

    ► Load daily rates for any index

    ► Generate monthly invoices for customers with interest, fee, and margin activity

Accounting

  • ► Perform periodic QC audits on your counterparties

    ► Inform counterparties of upcoming reviews

    ► Sample loans to review randomly, statistically, or using adverse criteria

    ► Configure questionnaires to facilitate reviews

    ► Clear conditions with the counterparty

    ► Adjust counterparty pricing based on audit outcome

Counterparty Audit

  • ► Reduce delays and effort when performing QC audits

    ► Extract key data points from documents like the Note, Mortgage, Title, and Appraisal

    ► Preemptively fill out questionnaire using data extracted from documents

DocQC