Comprehensive Reporting
Inglet Blair prides itself on maintaining a strong credit culture. With over 16 years of experience per mortgage professional, our team understands credit. Our credit reviews go beyond simply looking at a credit score and DTI. We believe in the "old school" review of all credit factors in order to determine a borrower's ability and willingness to pay. Our reviews can be fully customized to meet your specific 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
Keeping abreast of the ever-changing compliance regulations issued by federal, state and local entities is a daunting task for which sever penalties can be imposed for compliance failures. At Inglet Blair, we team with Mavent to bring our clients the industry's best compliance engine. Our underwriters review each loan against applicable compliance regulations and send the relevant data points to Mavent for a secondary review. You can be certain that our dual review will ensure all loans are fully compliant with applicable regulations. Our review includes:
- 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
Whether it is 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 the 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.
Inglet Blair can perform a thorough review of all legal documents to ensure you can perfect your interest in a loan. We will provide you with a details document exception report and work with sellers and custodians to clear all exceptions. In addition to the basic review of 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
Nothing is more important than the accuracy and completeness of data. It is the foundation upon which your business and success is built. At Inglet Blair, we can review all the data elements in each loan file and compare them to the information in your systems or on a provided data tape. Our staff will enter all data into our data management system, which will run validations to ensure the accuracy of the information. Any discrepancies will be flagged and reported to you for review and correction.