Loan Portfolio Monitoring

Loan Portfolio Monitoring larger view

DepotPoint has developed an innovative portfolio risk monitoring solution for banks, private equity and Wall Street firms that hold mortgage backed assets. This solution addresses risks associated with losses due to senior lien foreclosures, equity line draws, tax delinquencies, bankruptcies and mortgage fraud.

Instead of spending significant capital to acquire data to build and manage an in house system, organizations can leverage DepotPoint solutions to monitor their portfolios against these risks at a fraction of the cost.

The Portfolio Monitoring Module protects loans by providing instant alerts and details on events that affect loan or borrower status, including foreclosure actions, tax delinquencies, bankruptcy and change in homeowner. It’s a must for every Chief Risk Officer.

  • Automatically monitors properties across all 50 states for events that impact loan status
  • Instant notification alerts lenders, mortgage servicers and government agencies, providing greater visibility and additional time to act
  • Reduces data and operational costs associated with building an in house system
  • Provides an independent mechanism for monitoring the performance of servicing and other outsourced vendors
  • Rapid deployment, system can be up and running in a matter of weeks

Download Data Sheet

Industry Challenge

Solution

Features

Mortgage lenders are exposed to an increasing high level of risk as foreclosure rates continue to skyrocket — especially those lenders in the sub-prime market.

External events such as senior lien foreclosures, borrower default on tax payments or bankruptcy filings, are all common scenarios in this expanding foreclosure cycle. As a result, portfolio holders are at risk of their loan position being wiped out or incurring substantial losses.

Portfolio holders have limited visibility and significant challenges monitoring default servicers and their vendors. The result is low accountability and less than optimal recovery.

Loan Portfolio Monitoring — arms lenders and holders of loan portfolios with a tool for automatically monitoring all lien foreclosures, tax defaults, and bankruptcy filings, or any event that can compromise the timely payment of a loan and increase the chance that a lender’s portfolio may suffer considerable financial loss.

The automated system provides greatly enhanced visibility to events that can affect portfolio risk and unifies the organization to address these risks. The solution is very cost effective and provides a substantial ROI while providing independent oversight and monitoring of servicers and their vendors.

Government agencies can monitor their loan programs for time in property, percentage of default loans and overall program success.

Fast and Easy Deployment

  • Web-based ASP model — hosted and administered by DepotPoint
  • No software to install or maintain, no internal staff support required
  • Integrates with bank’s loan servicing platform through an XML or Microsoft® Excel interface and minimizes manual steps involved in exchanging loan portfolio information needed for monitoring
  • Multiple file format support for daily uploads of loan portfolio
  • Complete XML based integration support for servicers

Monitoring and Alert Notification

  • Continuously monitors tax delinquencies, bankruptcies, home ownership changes and foreclosures across all 50 states in the country
  • Generation of an alert when an incident occurs against the property secured by the loan
  • Determination of senior/junior status against loan that is being monitored
  • Independent monitoring of loan servicing and sub-servicing

Management and Reporting

  • Ability to setup, monitor and update loans by authorized personnel
  • Foreclosure filing, bankruptcy, home ownership and tax default details
  • Extensive management reporting features to assist risk analysis and portfolio metrics

Increase visibility, reduce portfolio risk. Call 1-866-841-5641 or email Enquiries@depotpoint.com.

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For more information or to schedule a demonstration Call 1-866-841-5641

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What Others Are Saying

“Answers to the many inefficiencies that plague the property foreclosure process”
- Real Estate Technology News