In today’s markets, with the high volume of mortgage lending, purchases and sales, in addition to the myriad types of loan documents, the controlling and validating of data is critical. We will investigate the following essential areas:
- Comparison of data to original mortgage documents.
- Comparison analysis of available data.
Do the characteristics of the pool make sense?
- Validation of major fields:
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DOCUMENTATION LEVELS
OCCUPANCY
ADJUSTMENT DATES
ADJUSTMENT PARAMETERS
PROPERTY DATA
LOAN PURPOSE
CREDIT SCORES
DELINQUENCY STATUS
SERVICING DETAILS |
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