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

Borrower Management

  • 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

Line Modeling

  • Model sub-limit and eligibility definitions 

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

  • Model adjustments for any aging criteria

Fundings and Payoffs

  • 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

Collateral updates

  • 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

Add-ons

  • 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

  • Perform periodic QC audits on your counterparties

  • Inform counterparties of upcoming reviews

  • Configure questionnaires to facilitate reviews

  • Define eligibility checks that trigger based on questionnaire responses

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

  • Update counterparty’s tier based on their performance

Counterparty Audit

  • 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 clients with interest, fee, and margin activity

Accounting

  • 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, 1008, 1003, etc

  • Validate FNMA 3.4 pricing inputs against extracted data points 

  • Detect data discrepancies between indexed documents

  • Check for required documents prior to ordering third-party reviews

  • Preemptively generate conditions normally caught by the TPR

DocQC