Our firm provides unique insights and perspectives on current market conditions and outlook for the Residential Mortgage business. Key services include:
Strategic Advisory – We have extensive experience in all phases of Mortgage Finance and assist management in analyzing and addressing complex challenges to meet strategic objectives.
Acquisition Due Diligence – whether you are an investor or an acquirer, we provide turnkey diligence support, evaluating key elements of a target which drive valuation, risk and expected returns. This includes asset reviews, operational reviews, origination/production/servicing, secondary performance, regulatory and compliance performance, vendors, IT and overall governance.
Capital and Funding – Our team has extensive industry connections and can help raise growth capital, including:
FHLB advances and collateral management, if available
Warehouse lines (including construction, non-QM, seconds and other sub-limits, if necessary)
Gestational repo lines
MSR lines
Servicing advance financing
Loan repurchase facilities
Equity
Technology – We leverage our experience with digital mortgage solutions to help you fully utilize technology. Our reviews are designed to help you optimize your IT offerings and increase capacity, speed and reliability. Steps include:
Assessing current technologies and vendors; work directly with vendors to solve problems or deliver enhancements
Reviewing point-of-sale and loan origination systems
Implementing/enhancing digital title solutions, call center software and loan servicing (including default and loss mitigation)
Assessing data security practices and vulnerability to data threats and customer privacy concerns
Improving processes and reducing time to funding while improving decision-making and enhancing compliance as well as reducing cost
Improvements to Enhance FP&A
Improve management reporting to drive P&L accountability culture across production, servicing and corporate
Review pipeline management systems and potentially improve with dynamic pull-through modeling, multi-factor fall-out analysis and optimized float-down policy
Improvements to Processing and Back Office Operations
Perform in-depth review of operational processes to improve flows, enhance controls and compliance while decreasing funding timelines
Review internal controls for improvement, including pricing, origination, underwriting, closing/funding, secondary and fulfillment/transfer to servicing
Implement SmartDiligence™ for pre-close/post-close quality control (QC) to reduce repurchase risk and improve operational efficiency tied to data integrity
Improvements to Forbearance and Default Servicing and Ensure Compliance
Utilize SmartLM™ on loans in forbearance to provide fully automated processing of loss mitigation requests
Upgrade default servicing tools to better manage forbearance and loss mitigation requirements post-COVID
Support for Mortgage Warehouse Lenders
Review warehouse lending operations to ensure operational control and efficiency
Provide introductions to quality, growing mortgage banks in need of further warehouse capacity
Perform due diligence/business review on prospective mortgage bank clients prior to funding mortgage warehouse lines
Review operational processes to improve flows and enhance controls while meeting funding timelines
Specialized Risk and Analytic Services
Analyze prepayment propensity using internal/external data sets to capture the refinancing opportunities
Perform risk analysis on counterparties, mortgage servicing rights (MSRs), excess servicing strips and servicing cost
Review pricing engines and analysis of cover bids to quantify pricing and counterparty risk
Assess readiness to perform as an agency seller/servicer and ongoing key performance indicator (KPI) requirements
Optimize sales models between distributed retail and call centers
