Mortgage Quality Control and Compliance

Enabling lenders, asset aggregators and multi-sellers the opportunity to review and assess the loan underwriting criteria to better understand ESG and lending activities prior to funding

• Monitor  the overall loan quality, anticipated risk tolerance and fraud vulnerability with on-going examination against established standards.
• Assess the accuracy and integrity of the underwriting loan quality along with other information used to support the lending decision.
• Audit of lender’s policies and procedures to determine policy adherence and address identified deficiencies.
• Review to identify securitization compliance, data integrity, errors and omissions, instance of fraud, misuse of funding programs, or other discrepancies.
• Comply.  Pre and post-closing quality review and regulatory compliance verification that will automatically report exceptions and defects as identified.
  

• Statistically based random sampling techniques to ensure robustness with confidence testing
• Validate compliance with rules and principles for government sponsored programs
• Test conformity with specific insurance rules for individual insurance (high ratio LTV) or portfolio insurance, as per approved mortgage insurer rules and guidelines
• Verify mortgage documentation and title registration completeness to confirm if all documents are present and the legal file is complete and consistent
• TAO offer both pre-closing and post-closing MQCC and due diligences services
• Confirm quality of underwriting and prudent practice of mortgage origination/credit principles as prescribed under OSFI B-20 and other regulatory frameworks
• Ensure satisfaction of asset seller contractual representation and warranties for portfolio aggregation or securitization programs
• Compliance with Provincial and Federal consumer and broker/mortgage laws, as well as required consumer disclosures
• Review of servicing activities for non-performing loans
• Ensure file completeness and data integrity, including borrower identity confirmation consistency and accuracy