The Hilltop Companies Loan Review, Compliance & Analytics Services provide lenders, servicers, sub servicers, component servicers, investors and/or regulators with independent, loan and portfolio level assessment s of the quality and/or compliance, data/document analysis and reporting. The scope of our assessments considers the individual loans, lending or servicing processes and the policies of the organization. Hilltop’s services combine experienced staff, structured compliance audit processes and technology to support larger scale assessments that address a wide variety of loan review and compliance needs. For example, we have reviewed portfolios as large as 90,000 loans with our people, process and technology.
We have a solid track record of applying these services across the entire mortgage finance life cycle from origination, to sale and securitization, to servicing. Our clients or their attorneys engage Hilltop for these services for the following reasons:
— Perform underwriting/credit analysis to assess underwriters’ decisioning, documentation and compliance with regulations and corporate policy.
— Support to the Litigation Expert for various analytics and/or document reviews,
-Perform loan credit and/or document reviews or validate review findings to support litigation proceedings,
-Perform loss mitigation and modification compliance assessments, e.g., GSE or OCC Consent Order required components,
-Conduct compliance audits with terms of loan sales contracts relative to loan requirements and representations/warranties,
-Conduct regulatory compliance audits to be done prior to the Examiners arrival for a preview of results,
— Assist with regulatory compliance policy, process and technology changes required by Regulators/Examiners , either new requirements or post exam requirements,
— Perform loan quality control reviews for post-closing or pre-funding analysis
-Perform loan portfolio risk analytics created for investors or acquirer in an acquisition transaction,
— Perform loan portfolio risk analytics and credit assessments, including repurchase or indemnification exposure, Perform loan credit and/or document reviews to assess allowance for loan loss requirements,
-Perform loan origination documentation analysis of GFEs, TILs, HMDA, Fair Lending evidence, etc. for compliance with CFPB, investor and other regulatory requirements,
— Perform assessment of our client’s Quality Control policy, process, compliance and control effectiveness,
— Perform compliance assessment of the new CFPB servicing rules such as encompassing periodic statements, forced place hazard rules, ARM notification requirements, payment posting and payoff statement requirements, responding to and resolution of error complaints, and other new CFPB requirements,.
— Assess foreclosure documentation and process compliance,
-Assess foreclosure claims for accuracy, completeness of items claimed, and compliance with requirements.
Hilltop’s experienced reviewers are experts in in regulatory compliance, loan quality control, credit analysis, loan origination and servicing documentation and process compliance, loan performance analytics, servicing process documentation and controls, loss mitigation and modifications, default servicing documentation and process compliance. Our reviewers conduct their analysis within well-defined review and audit procedures designed by our senior management team to meet the specific needs of our client, e.g., regulatory compliance, due diligence, litigation and/or fraud assessment needs. We understand the need for rigorous, well documented and controlled review processes that can stand up to extensive scrutiny.
Our review teams typically use either our proprietary Compliance Assessment System (CAS) or a client’s system to ensure that the scope of the review includes all necessary elements and that there is a consistent process used among our reviewers. Our CAS is also used to accumulate all findings that the reviewers identify. The CAS database of findings can be used to analyze the results by various characteristics, e.g., origination source, type of exception, property location for State requirements, investor, etc. These analytics provide clients with strategic level views of loan, process and compliance that can drive change to improve organization performance.
Hilltop can provide these services at our facilities in McLean, VA which has secure, high speed network capability, using our CAS technology or on-site at our client’s location. We can provide the services on a start to end project basis under our management system or in a client staff augmentation configuration.
For more information about our services call Jeff Oliver, CEO or Ed Albrigo, COO at 703 356 3550
