Tired of Buybacks?
Lenders are besieged by repurchase demands on defaulting loans. Establishing due diligence in the original underwriting process is key to avoiding those losses. Point In Time can help.
Point In Time provides a retro income verification, allowing you to supplement the original documentation on a loan file or confirm its validity. We provide you with a snapshot of the employment and income verification just as it would have appeared on a past date.
Point in Time is the right tool when a loan file review shows missing elements, or when quality control efforts need to authenticate the existing documentation. You simply enter the date the loan was originated and we will establish the borrower’s employment status and income on that date.
Use Point In Time to evaluate non-performing loans… more
Use Point In Time to evaluate non-performing loans, or to better assess risk on the performing loans in your portfolio. Batch runs are a fast and cost-effective way to uncover loan quality issues.