MSR Evaluation Focus on Data integrety and Presence of documents requiredMorningStar DBS published a guide to review RMBSs focusing on regulatory compliance, credit, data integrity, or property valuation on the sample of loans.
The rating agency is grading a pool of loans by a number of factors within a sample, but if loans outside of sample would impede foreclosure initiations and proceedings, the loans should be removed from the pool, but undetected due to sample size.
How can AI-ML applications help in 100% of the loans?
One Diligence designed a process for data integrity review to report data discrepancies as reported in the data file provided to RAs, versus the information that was verified directly with the source documents.
AI-ML approach can offer a 100% population review without human to gauge the full 100% population Data Integrity Check on the tape provided to rating agencies.
Federal Housing Administration (FHA) and Veterans Affairs (VA) or other insured mortgages will need verification of the validity of insurance policies.
One Diligence application is perfect for Reviewing of insurances to comply.
Automating Grade D reviews! - RA grade is when The loan file was not delivered to the due-diligence firm or is missing material documentation to perform the review. One Diligence platform verifies Grade D human free on the collateral loan file.
AI should reduce the risk of the trust by looking at all of the loans in the pool.
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