Originator Operational Reviews
Infinity conducts reviews of originators processes, policies and procedures to support them with the regulatory and investor elements of mortgage lending. Infinity also assists new originators to create relevant policies and procedures to meet industry practices and adhere to federal guidelines. We can assess internal originator efficiencies and provide valuable insight into loan origination operations.
GSE Seller Mock Audits
If you are looking to become a seller to the GSE’s, Infinity can help you establish relevant policies and procedures to meet GSE requirements. Infinity also assists in setting up relevant agency required quality control measures, recommend processes, and assist in evaluating underwriting and credit guidelines.
MSR Sales and Acquisition Reviews
If you own MSR’s and are seeking to sell or purchase additional assets, Infinity can help you mitigate risks and give you an in-depth perspective to make an informed business decision. Infinity will review:
Servicing and delinquency advance reconciliations
Vendor payment reconciliations
Custodial account reconciliations
Compliance with Purchase and Sale Agreements
Investor Reporting review and analysis
Selected mortgage loans
Foreclosure and Bankruptcy practices
Repurchase risk analysis
Servicer Operational Reviews
Infinity’s surveillance begins with determining sample size and population of loans for review. Loan reviews can be performed on a statistically relevant sample of loans to identify risk across the broader population. Another approach is utilizing an adverse selection process, using loan-level data points to identify those loans with the highest risk factors. Infinity provides recommendations for the sampling factors based on our understanding of high-risk characteristics.
Infinity will also perform targeted reviews of various aspects of servicing that align with corporate objectives, government regulations and investor mandates. Using these resources, and in cooperation with the client, Infinity can create comprehensive audit testing scripts to defined samples of loans. Servicing audits will encompass loan boarding, loss mitigation, bankruptcy, loan modification processing, REO and investor reporting functions. Infinity will:
Develop policies and procedures related to Master Servicer or Servicer oversight of servicers and sub-servicers for Agency and private investor servicing
Conduct annual onsite reviews and exception follow up as requested
Cash flow validation
Custodial/cash account reconciliation review
Operational management and staff interviews; process walkthroughs