Contract Mortgage Underwriting & Mortgage Underwriter Training

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Underwriter Training – We can help you to ensure that your underwriters are the best in analytics, math, attention to detail, organization, time management, and communication.  We will transform your underwriters into intelligent, confident decision-makers who utilize sound underwriting principles and logic to produce solid decisions for your organization.  

Securitization Review – In a market where investor recourse is a primary consideration, our due diligence strengthens credibility. Privity Consulting provides an accurate and reliable picture of assets, increasing market confidence in sellers and their products. We also offer quality underwriting, combined with the qualitative analysis of data points including reviews of servicing files, delinquency analysis, borrower correspondence, and many others. This drives the due diligence that will identify underlying issues and potential fraud that may not be ascertained by looking at numbers alone.

Fraud Review – Privity Consulting is an expert in forensic due diligence reviews. Our process and quality results provide the highest confidence of success to our clients. We have created a very thorough and in-depth review that covers all areas necessary to ensure proper forensic analysis. Our reviews include:

  • Employment and Income Verification
  • Asset Verification
  • Verification of Deposits/Assets
  • Guideline Conformity
  • Regulatory Compliance
  • Valuation Reconciliation

Credit Review – Prior to purchasing or selling assets, it is necessary to ensure that they are of optimum quality. Privity Consulting performs standard credit reviews to ensure that the assets our clients are purchasing or putting out in the market are of the highest quality.

We also can discuss special services and consulting to augment your internal compliance team and assist with oversight and implementations. We partner with our clients to ensure understanding of regulatory requirements, options, and alternative procedures for compliance. 

Collateral Review – Our services include performing an audit of all collateral documents including Notes, Note Addendums/Riders, Name Affidavits, Name Change Documents (i.e. marriage certificate, death certificate), Modification Agreements, Lost Modification Agreements, Assumption Agreements, Mortgages / Deed of Trusts, Titles, Corporate Assignments, Allonges and Power of Attorneys to verify accuracy, completeness, proper conveyance and execution. We will confirm that the mortgage is valid and free of encumbrances. Cooperative and leasehold property ownership will include a review of the corresponding security agreements, abstracts, and land lease agreements, as applicable. Privity Consulting can take curative actions to clear collateral exceptions if requested by the client.

Pre-/Post Funding Quality Control Review – Our stringent quality control process can significantly reduce your recourse risks. Privity Consulting’s experience with US government agencies and government-sponsored enterprises is extensive, providing the confidence you need, and ensuring that your loans meet the requirements for purchase.

Seasoned Asset Review – You need detailed information to be able to make informed decisions and manage risk. Privity Consulting provides specialized support for the evaluation and ongoing management of distressed assets. Our experienced team conducts a comprehensive review of the payment and servicing history, along with a valuation analysis and origination compliance audit, ensuring that you understand the larger picture. Our customizable services include:

  • Payment History Analysis
  • Servicing History Review
  • Updated Title Review
  • Collateral Review
  • Regulatory Compliance Audit
  • Valuation Reconciliation
  • Modification Underwriting and Processing Support

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