Approved as an RMBS third-party review (TPR) firm by all major rating agencies, Consolidated Analytics provides intelligence that goes beyond the surface of securitized assets to deliver independent, actionable insight to inform asset, transaction, deal, and portfolio risk management decisions. Our solutions cover pre- and post-securitization reviews for the following asset types:

• Residential Mortgage-Backed Securities (RMBS)
• Non-QM
• Jumbo
• Seasoned Assets (RPL)
• Asset-Backed Securities (ABS)

We deliver in-depth due diligence on loan portfolios to provide greater transparency in correspondent or secondary market transactions. We offer asset reviews/due diligence for bulk or flow deals covering the following asset types:

• Performing, non-performing, and reperforming
• Scratch and Dent
• Conforming and Jumbo
• Jumbo Seasoned Asset
• Non-QM
• HELOC

MSR Asset Reviews

Consolidated Analytics thoroughly reviews the underlying asset to deliver valuable intel required for improved buying decisions. Our asset reviews include the following:

• Portfolio sampling and complete pool due diligence
• Consists of all critical components essential for transaction transparency
• Customizable to meet specific buyer requirements

Consolidated Analytics provides Verification Agent Reviews to ensure critical monitoring of lenders’ cash and to understand the implications of inadequate servicing or treasury operations on funding and repayment related to advance facilities. Our review covers:

• Advance creation and repayment validation
• Verification and reconciliation of trust reporting and remittances
• Claims reporting analysis, cash reconciliation with GSEs and sub-servicers/servicers

An approved RMBS third-party review (TPR) firm by all major rating agencies, Consolidated Analytics provides independent due diligence at pre-securitization and post-securitization.

Pre-Securitization Due Diligence includes:

• Scope, data quality, and integrity analysis, sampling
• Due diligence, including issue tracking and resolution
• Detailed reporting and data delivery

Post-Securitization Due Diligence includes: 

• Surveillance of repurchases, put-backs, and loans in various loss mitigation and default stages
• Cash flow verification and remittance errors
• Servicer review, including compliance and execution challenges
• Regulation AB adherence

Whether newly originated or securitized, we provide due diligence reviews on Jumbo loans to verify adherence to regulatory guidelines. Our experienced review staff hones in on the unique complexities related to jumbo loans, such as:

• Loan limits
• Income re-calculation
• Debt-to-Income (DTI)
• Valuation quality and accuracy
• Agency and investor guidelines
• Cash reserves
• Documentation

With Non-QM activity on the rise with existing and new players, it is critical to pay extra attention to regulatory requirements and ensure your QM portfolio is compliant with standards such as the Qualified Mortgage (QM), Temporary QM (TQM) and Ability-to-Repay (ATR) rules. For Non-QM loans, our experienced review team focuses its asset reviews on the following:

• Eight underwriting factors as laid out by the CFPB
• Ability to Repay (ATR)
• Accuracy in mortgage payment calculations, DTI, and documentation
• Loan Terms
• Credit Exceptions

Consolidated Analytics recognizes the risks in non-performing and re-performing assets and portfolios and provides a comprehensive review that can be customized to meet your unique needs. Our due diligence analysts provide focused scrutiny around the following:

• Data integrity and completeness
• Servicing escrow analysis, default, bankruptcy, and collection status
• Pay histories
• Legal documentation
• Valuation review and refresh

Our Warehouse Line Review evaluates counterparty risk to ensure that financing on your warehouse line is sufficient, accurate, and doesn’t pose a risk to your business. Our due diligence solution focuses on the following:

• Multiple service level options from deal flow through ongoing monthly/quarterly and annual reviews
• Reviews credit and compliance
• Evaluates data integrity and accuracy
• Reviews documentation

Commercial purpose loans require a differentiated approach to assessing project success. At Consolidated Analytics, our experts assess prior project history, values, budgets, rent rolls, and borrower/entity profiles to help determine project eligibility.

Our commercial purpose loan reviews cover the following:

• Fix-and-flip
• Single-family rentals
• Mixed-use properties
• Ground-up construction
• Bridge financing

Consolidated Analytics provides a deep-dive review of collateral documentation to ensure the loan can be seamlessly transferred and secured. Our collateral reviews can be customizable to cover a range of collateral files such as notes, addendums, legal documentation, title insurance policies, etc). Our reviews:

• Ensure the loan file has all of the required documentation
• Review the completeness and accuracy of data within the documentation
• Identifies risk associated with loan file documentation

There is a high demand for greater transparency related to repurchases; rating agencies’ recommendations and Dodd-Frank regulation now require an 18-month monitoring period. Consolidated Analytics provides detailed loan-level reviews or summary reviews of repurchase activity in your securitized pool. Our repurchase and litigation include an independent review of the following:

• Rebuttals review and tracking
• Loan file and servicing notes
• Mortgage claim denial

Our QC solutions offer service-level options for long-term, process support, or monthly portfolio QC. Our turn-key solution integrates Consolidated Analytics’ QC leadership, management, rebuttal, and oversight with the client’s existing processes for ongoing QC reporting. Our monthly QC solution is a service that delivers reporting and findings within the agreed-upon timelines. Available QC Reviews include:

• Prefund origination QC
• Post-close origination QC
• Servicing QC
• Operational audits