Our review teams are able to work alongside a client’s team and other third-party service providers to ensure a complete and robust review programme whilst minimising duplication of effort and disruption to the business being supported or under assessment. Services are typically provided for buyers and sellers of loan portfolios, lenders, loan servicers, M&A teams, investors and warehouse line providers.

Re-underwriting 

Considering the quality of the loan origination against the criteria in place at that time, as well as industry best practices.

Data Verification & Agreed Upon Procedures

Considering the quality of the loan data provided against that found on file and in the origination and servicing systems.

The team have vast experience in understanding the policies and procedures undertaken by lenders and are able to check adherence to criteria in place as well as consider compliance with regulation and industry best practices.

Consultancy

Bespoke consultancy covering many areas including:

• Risk and system process reviews
• Lender start-up guidance
• Compliance assistance
• Loan assessments

Quality Assurance

As well as completing reviews on pools of loans being traded, the QA service is available on a regular basis for lenders and their warehouse providers, offering first line support.  Risk Advisory Europe has developed software and a reporting suite which provides focused information and a reporting style which identifies operational issues and decisions which do not meet the lender’s criteria as well as offering suggestions to improve efficiency, tighten controls and increase market opportunity by widening product criteria.

Evident Risk

An all-encompassing service when reviewing a loan book which maybe tailored to meet the specific needs of sellers, buyers and funders. The scope is to seek out any evident risks that a buyer should be aware of and to evaluate these in respect of their size and impact either financially or otherwise, such as reputational or regulatory.

Title Evaluation

An independent assessment of the pool of loans to identify risks relating to origination and servicing that may impact subsequent sale of the security. 

An up to date search is conducted to confirm ownership and that charges have been correctly registered, together with identification of possible restrictions or covenants.

Servicer Evaluation 

Considering the quality of the on-going loan servicing against the policies in place as well as industry best practices. These reviews are typically undertaken at least annually or ongoing as part of a QA programme.

Originator Assessment

Considering the quality of the loan origination team including:

• sales and marketing
• approvals in principle
• third party provider boarding and monitoring
• underwriting
• quality assurance and compliance

Workforce Support

Our experienced pool of contractors can be utilised to provide short and mid-term solutions to cater for peaks and troughs in the market, and provide cover for periods of staff sickness and holiday. We can offer flexible solutions covering the life cycle of the loan, from packaging and processing to underwriting and completions, catering for all your requirements.

• Mortgage processing and packaging
• Underwriting support
• Underwriters
• Collections and servicing expertise
• Compliance
• QC