Whether you purchase loans from several originators or originate loans for further sale to investors, BSI can help you on your pre-close audit, due diligence and quality control needs. With a staff experienced in underwriting, servicing and origination, BSI will ensure compliance with federal, state & county guidelines. Reviews can be conducted to meet the requirements of Fannie Mae, Freddie Mac, Ginnie Mae, FHA, FHLB, HUD, VA, and several private investors.

With our web-based system, BSI can receive all your information electronically as well as through physical files. Our advanced workflow methodologies and global delivery model allow us to offer a cost effective solution with rapid turnaround time.

Quality Control

BSI’s Quality Assurance services shorten warehouse lines and help originators sell loans into the secondary market faster. From loan processing support through close, our QC Audits and Post-Close Reviews help ensure that loans are serviceable and saleable by:

• Reducing Costs
• Improving Cycle Times
• Enabling Continuous Improvement
• Improving Quality of Loan Data upfront

Pre-close QC

• Reverification of borrower's employment
• Check tax returns with CPA, validity of CPA letters
• Review ownership and current seller's title.
• Determine validity and issuance of social security numbers used by borrower
• Borrower liability data verification through an in-file credit report
• High cost loan testing
• Order AVMs for collateral assessment

Post-close QC

• Compliant with agency and investor requirements
• Credit underwriting review
• Desk review of appraisal & re-ordering of field appraisal or AVM
• Compliance and closing review
• High cost loan testing
• Management Summary report for findings
• Customized reporting to track responses from QC findings

Due Diligence

Our deep expertise makes BSI a preferred Due Diligence provider for the industry’s leading investors, mortgage banks, and commercial banks.

Our goal is to provide our clients with precise and comprehensive information to help them make informed decisions. BSI customizes the scope of each due diligence assignment based on proprietary profiles created for each client, client guidelines, loan type, data quality, structure of the offering and time allotted. In addition, we assemble a team of experienced professionals who can accurately evaluate the specific loan types. BSI can perform the functions necessary to assess loan quality and conformance guidelines – allowing our clients to focus on executing the best transactions possible.

• Customized ratings for client specific product guidelines
• Online access to reporting information
• File review at client’s or BSI offices

Our services include:

• Credit Underwriting
• Regulatory Compliance Reviews
• Predatory Lending Reviews
• Fannie Mae Compliance Reviews
• Property Valuation Services
• Fraud Reviews
• Scratch & Dent Reviews
• Nonperforming and REO Asset Review
• Quality Control Reviews
• Data Integrity and Management
• Exception Tracking

Special Audits/ EPD Reviews/Fraud Audits

• Review servicing file
• Identify deficiency in possible issues and files
• Underwriting review
• Desk review of appraisal & re-ordering of field appraisal or AVM
• Compliance and closing review
• Fraud investigations
• High cost loan testing

Post close services

BSI imaging, workflow and document management services provide clients with a dynamic end-to-end solution that leverages a web-accessible custom portal, image hosting platform, and scalable workflow and document management processes to deliver image enabled processing capabilities tailored to our clients’ specific needs.

Whether the goal is to improve quality, productivity or time to market, BSI can deliver a solution that fits your business today – and into the future.

Services include:

• Ingestion of documents
• Indexing
• Data extraction from image
• Document presence and data verification
• Trailing document management
• Web-based viewing and delivery of loan files
• Image conversion from multiple formats and indexing schemes to a common format/indexing

Our services support the remote upload of trailing documents from branches/brokers and third parties. Additional services include data capture of select mortgage documents and delivery to servicers and investors.

BSI Financial Services – Quality Control Overview :: Download Adobe Acrobat PDF brochure