Residential Mortgage Due Diligence

Thorough & Comprehensive

Since our founding, Residential Mortgage Loan Due Diligence has been our core service offering with clients spanning commercial banks, insurance companies, and institutional investors. Our full loan reviews ensure loans are underwritten correctly and highlight all areas of risk and include:

  • Credit review / re-underwriting
  • Regulatory compliance review
  • Predatory lending review
  • Fannie Mae compliance review
  • Fraud review
  • Legal document review
  • Data integrity review

Nothing is more important than the accuracy of data. At Inglet Blair, we review all data elements in each loan file and compare them to all information provided. Our data management system will run validations to ensure the accuracy of information. Any discrepancies will be flagged and reported for your review and correction.

À la Carte Services

Credit Reviews

We believe in reviewing all credit factors in order to determine a borrower's ability to pay. Our reviews can be customized to meet your needs. Our standard review includes:

  • Loan application
  • Appraisal valuation
  • Hazard, flood and mortgage insurance
  • Income and asset verification
  • Employment verification
  • Credit score and debt history

Fraud Reviews

Whether flipping, unsubstantiated income, or an inflated appraised value, fraud has devastated the mortgage industry and caused tremendous amounts of loss to owners and insurers of mortgage loans.

We dig deeper to unearth fraud by verifying occupancy, income, employment and the validity of social security numbers. Additionally, we review property valuation, flipping and validity of an appraiser's license.

Compliance Reviews

We partner with Mavent to provide a dual review process, ensuring all loans are fully compliant with all regulations. Our standard review:

  • Federal laws such as HOEPA and Section 32
  • Over/under disclosures of APR
  • Predatory lending regulations
  • RESPA disclosures
  • TILA / Reg Z calculations
  • GSE specific tests
  • Right of rescission
  • State high-cost test
  • State specific prepayment penalties
  • Payment stream re-calculation

Legal Document Reviews

Our thorough legal documents review includes a detailed document exception report. We work with sellers and custodians to clear all exceptions. In addition to the basic review ensuring the legal documents match the origination documents, we review:

  • Notes and riders, if any
  • Mortgage instruments and assignments
  • Endorsement and assignment chains
  • Modification and assumption agreements
  • Forms used
  • Condominium/Co-op documents
  • CEMA documents
  • Your data versus the information contained in the documents
  • Documents properly executed and notarized
  • Missing or incomplete documents
  • Validity of the title policy

Comprehensive Reporting

Both during and after the review, we provide comprehensive loan-level and pool-level reporting tailored to your needs, so you can easily monitor our progress, identify issues, and take action. Our standard reports include:

Pool Summary Report detailing the overall characteristics of the loan package and status of our review findings.
Asset Summary Report detailing the major loan-level characteristics and listing the credit and compliance defects.
Data Comparison Report detailing the difference between the data provided by the originator or the seller and the data collected during our review.

Our Team

Experienced experts to meet your needs.

Our experienced Underwriting Team is trained on our proprietary review system to efficiently analyze each package to your specifications. Besides having a strong background in the industry, each underwriter must also pass a rigorous exam.

Our due diligence team is staffed by a Lead Underwriter, one or more Quality Control Underwriters, and an appropriately sized Underwriting Team. The Lead Underwriter has the highest level of expertise and manages the entire due diligence process. We also staff one Quality Control Underwriter for every three underwriters.

Review services can be performed at a seller or buyer's office, or a designated third-party site.

We'll help you uncover the red flags. 

Our services help you make better decisions on pricing portfolios while better understanding and managing risk. We consult with you to customize the scope of each review to meet your goals.