As the number and complexity of relationships that mortgage companies have with various counterparties (warehouse lenders, loan investors, and brokers) increases, comprehensive and rigorous oversight is critical to success. Failure to adequately assess and manage counterparty risks can lead to reputational damage, operational risk, and financial loss in the face of growing regulatory scrutiny and increased demand for transparency and accountability.
At Sourcepoint, we understand that due diligence and compliance is not a one-size fits all activity. With over 25 years of experience, we leverage our deep understanding of the regulatory requirements of the lending function to determine the risk to consumers and provided in-depth remediation plans. Our proven risk assessment model is designed to help lenders prepare for regulatory and investor audits across all aspects of the servicing function – from management oversight to policies, procedures and regulatory compliance. Our team comprises originations and servicing experts with extensive experience in innovation, compliance and process improvements.
Sourcepoint’s well-defined and structured due diligence methodology can be broken down into the following:
The result: timely detection of potential policy and procedural violations to mitigate regulatory risks and eliminate possible harm to consumers.
The client is a leading player in the asset management space that acquires and sells mortgage servicing rights as well as manages multiple large servicing portfolios. It was looking to review sellers prior to transferring the servicing rights with the goal of assessing counter party risks. To this end, it desired to partner with an origination and compliance consultant that could schedule on-site visits at short notice and quickly turnaround the review report.
Sourcepoint leveraged seasoned and experienced consultants with extensive background in origination and compliance to remotely complete the desired review and return the reports within days of the onsite visit.
Our agile services helped the client rapidly transfer servicing rights for superior transaction volume and profitability.
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