Loan level due diligence can be performed on either an entire pool or targeted segments, as requested, for purchase, sale, repurchase or quality control purposes. A due diligence review offers the most comprehensive analysis for performance-related issues and reveals potential layered risk exposure for the client. Due diligence can also include a review of loss mitigation, pay history and servicer comments which may provide a better understanding of performance related issues, reasons for default, or to uncover Rep & Warrant violations or servicing related losses.
Review services include the following:
- Acquisition/Disposition Reviews: Performing, Non-Performing, Sub-Performing and Scratch & Dent
- Repurchase and Forensic Reviews
- Repurchase Rebuttal Services
- ARM Audits/Prepay Audits/HMDA Audits
- First and Early Pay Default Reviews
- Quality Control Assessments
- Guideline Exception Reviews
- Compliance Reviews
- Fraud Reviews
- Custodial and Collateral Document Reviews
- Property Valuation Reviews and Reconciliation
- Data Integrity Services
- Staffing Support Services
- Tape cracking Services
- Document Management Service
EdgeMAC has been approved by Standard & Poor’s to provide third-party due diligence services on RMBS transactions. We are also compliant with the rating agency requirements for Moody’s Investors Service and Fitch Ratings.