by HousingWire Newsroom | May 17, 2023
The firm’s due diligence and document management services help traders reduce risks, the company says.
Incenter Diligence Solutions, a provider of due diligence and document management services for the mortgage industry, announced on Wednesday that it has expanded offerings for the mortgage servicing rights (MSR) trading market.
These new offerings complement the trading services provided by Incenter Mortgage Advisors, which is another member of the Incenter LLC family of companies focused on improving mortgage operations.
“In an active trading market, participants must be able to quickly identify and manage their short-term and long-term risks so that they can transfer assets with agility and seize new revenue opportunities,” said Pamela Hamrick, president of Incenter Diligence Solutions. “Incenter Diligence is streamlining obstacle-ridden diligence processes without making them cookie-cutter. We are customizing each engagement to address the unique goals, strategies, and best-execution practices of every client.”
Incenter Diligence’s due diligence team creates a tailored review scope for each buyer or seller based on factors such as seasoning, geography, performance, and other key portfolio attributes. The firm also offers individualized reporting and document delivery services.
These services encompass various MSR-related tasks, including acquisition reviews, data to document validation, compliance reviews, document inventory, trailing document reconciliation, servicing boarding audits, and pay history reviews.
In situations where loan servicing institutions are selling the servicing rights to thousands of loans at once, it becomes crucial to identify any potential issues that could affect the long-term collectability of these assets. Incenter Diligence addresses this need through its document management solutions, which involve scanning and automated data extraction using advanced technology.
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