Credit Underwriting
406 Partners provides a comprehensive approach to credit underwriting verifying that mortgage loans are correctly underwritten and free of fraud and compliance issues. Each loan is put through a thorough review by 406 underwriters to include in-depth analysis of loan credit, compliance and collateral value in one streamlined process.
Through a wide-ranging suite of automated tools and in-person data review, 406 can uncover loan issues prior to acquisition, insuring that purchased pools are free from defects. The depth and accuracy of 406 Partners’ credit underwriting solutions help lenders and investors facilitate the pool transaction and move to the next step.
406 underwriters are battle tested, having passed a challenging in-house training and testing program to ensure sound decisionmaking. Underwriters must have extensive industry experience and hands-on underwriting knowledge along with automated decision tools.
A 406 Partners proprietary deal console provides clients with pipeline transparency down to loan-level detail. All transactions are available online, anytime and are updated real-time. Any deal can be quickly and easily accessed by buyers, sellers or investors facilitating deal and pipeline management.
All data fields can be rapidly formatted to exact client parameters via customized reports from 406’s “Panther Reporting System”. Clients have come to rely on 406 Partners’ speed, flexibility and thoroughness when it comes to accessing critical information in clear, easy-to-read reports.
406 Partners’ dynamic Compliance Engine is updated on an ongoing basis in accordance with our partner and advisor, Thatcher, Proffitt and Wood, LLP, ensuring each loan undergos a battery of tests for regulatory and compliance issues.
406’s full-scale approach makes pool assessment a one-stop process. In addition to credit underwriting, compliance, fraud detection and collateral valuation services, 406 reviews each loan impartially, ensuring straightforward, unbiased findings.
- Centralized database
- Layered risk analysis
- Data management via tape loader and rules engine
- Trade to servicing transfer process