The resulting purified data is used by LoanHD to power automated audit workflows. Rules-based automation completes a significant portion of audit tests, focusing auditors only on exceptions. Customized tests can be added to our deep library of audit rules automation to enable even more control over quality metrics important to your business. One-click access to specific documents based on relevance to the audit test accelerates review.
Increase productivity and cost saving results for mortgage quality control. It then uses a structured workflow for auditors to find and fix defects, quickly and accurately. Audit specific worksheets in LoanHD use the simplicity of a green light to indicate a test has passed and red to signal to auditors that a manual review of loan file data is required. This secure web portal, provides a centralized, streamlined rebuttal process.
Information and documentation can be shared within the ARC to efficiently clear defects. All of this results in industry leading loans per person per day LPPD productivity and high-quality loan production. All audit projects can be easily managed through dynamic dashboards that provide project status and loan level-transparency. Project and loan level detail offer management the ultimate transparency to ensure identified issues are tracked to resolution.
This information can then be used to generate discrepancy reports for loan originations system LOS data updates. In addition, it also provides an audit trail for regulatory review of any requested loans. Out of the box and customizable business intelligence can help visually identify patterns related to error responsibility, fraud, issues with underwriting criteria, or poor process design. Then implement Action Plan Reporting within the system to monitor and manage initiatives that remediate deficiencies and improve loan quality management practices.
Measure results of the action plan over future months to improve mortgage loan quality. Address the diversity of requirements and create consistent quality for correspondent loan acquisition transactions.
Best practice audit workflow and the ability to create custom tests for investor specific stipulations enable consistent review. Confidence in loan quality increases when you can inspect what you expect. Agency, management and operational level reporting, along with a report builder capability, provides the level of transparency needed for correspondent loan acquisition. The quickest way to profitable, safe correspondent loan acquisition is to scrutinize and validate loan quality using the power of automation.
Correspondent investors need more flexibility to scale their operations in support of monthly loan volume and more control over costs to optimize margins. Scaling operations to accommodate monthly loan volume. The ingestion of loan files from sellers is a significant driver of expense and can throttle business growth. Through automation and structured audit workflow, audit staff can quickly identify exceptions and perform any manual tests needed to complete file reviews, significantly reducing the time it takes to deliver STIPs to the seller.
Real-time notifications to sellers and access to an audit response portal enable secure electronic submission of trailing documents and allow conditions to be cleared. Loan suspense time is reduced and funding velocity increased, a clear competitive advantage. Global to granular reporting on loan quality supports seller specific feedback and comparisons of quality across sellers.
Sellers benefit from feedback on their defect trends, which can be used to inform relationship milestones and help sellers improve their own quality management practices. Peer benchmarking across sellers provides insight for pricing strategies and can identify opportunities to drive product mix through the acquisition of new sellers.
This has heightened the quality mandate and placed more emphasis on the accuracy of loan files to reduce loan suspense and improve warehouse velocity. Lower suspense ratios and improve warehouse velocity. Keep Accurate Records Get all the details from www. Mortgage audit software for the homeowner - Plan, track and manage all your loans with this mortgage error checker and loan watch software.
Toggle navigation. Home Loan Manager Pro. The Mortgage Checker and Planning Tool. With this mortgage software you can : Set up a plan to help you cut years off your loans. Check your interest charges for lender mistakes. Protect the thousands of dollars you pay in interest each year. Scenario plan and make informed decisions based on facts. Discover the true-cost of your mortgage. Keep accurate records of all your loans in the one convenient location.
Lyndsey Knight found she was getting short-changed by her bank Today Tonight Enquiry Into Bank Mistakes "Bank's errors are now known to add up to hundreds of millions of dollars every year. Now there is help, a computer program that can check your monthly statements and find the mistakes. Signing up for a mortgage is one of the biggest financial decisions you will ever make, and with a little planning and discipline you can turn it, and your home, into one of your most successful long-term investments.
Unfortunately many of us fall into the trap of letting our lenders manage our loans, and year after year we rely on them to:. Tell us how much to repay, and how often.
Track and manage our repayments. Calculate our interest charges and fees. But what if they get it wrong? We all make mistakes, and your lender is no exception.
A simple human error or computer glitch can add thousands in interest to your mortgage if left undetected. And, what if their repayment schedule isn't right for you? Lenders like you to pay off your mortgage over the full term, however cutting just a few years off your loan can save you thousands in interest charges. It's never too late to review your mortgage and start planning for the future.
OUtstanding Support. TENA does not outsource audits or utilize any offshore workers. We ensure security and complete confidentiality of all private client records. What Our Customers Are Saying.
I am really thankful for the help that the TENA team provides to me! They are always available to help even with my silliest questions. TENA extends themselves to serve customers! They answered all our questions and made it personal for us. Great work and fast. The support group at TENA has provided us with exceptional service. They are very knowledgeable and timely in their responses.
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