Mortgage originators close loans and typically sell or securitize the loan in the secondary market subject to representations and warranties (Mortgage Originators can also keep loans on their balance sheets). Mortgage Originators are exposed to significant repurchase liability and ultimately losses if it’s underwriting breaches representations and warranties. Utilizing its extensive experience servicing the industry’s repurchase needs, Digital Risk has designed QC Management solutions featuring Analytical Tools – RiskIQ™ – and Expert Services to help mortgage originators detect and prevent repurchase liability and resulting losses (Portfolio lenders experience lower losses through lower defaults). Digital Risk also offers mortgage originators a variety of tailored secondary market solutions including Loss Management (repurchase defense), Performance Management and a variety of consulting services (best practice reviews and training).
MORTGAGE ORIGINATORS
