Loan File Review

Berkshire Group and its affiliate, Cognitive Options Group, offer a wide array of loan file review services.  We perform due diligence on consumer, residential mortgage, and commercial loans, on both a new origination review and forensic basis:

  • Consumer loans: We review prime and subprime, automobile, marketplace lending (P2P), and unsecured consumer installment loans.
  • Residential mortgage loans:  We review prime, Alt-A, and subprime loans and HELOCs.  We also review non-performing loans (NPLs).
  • Commercial loans: We review all types of CRE, CI, and SBA loans.

We perform loan file reviews either onsite at client locations, centralized at our operating center locations, or remotely by connecting through secure web portals to data and image systems.

 Loan Re-Underwriting

  • Loan file re-underwriting of newly originated loans as well as seasoned loans
  • Consumer:
    • Credit
    • Compliance
    • Valuation
  • Residential mortgage:
    • Credit
    • Compliance (TRID, RESPA 2010, Pre-RESPA)
    • Property valuation
  • Commercial:
    • CRE:
      • Policy compliance
      • Regulatory risk rating and review
      • Appraisal reviews for policy and risk compliance
    • CI:
      • Policy compliance
      • Regulatory risk rating and review
    • SBA:
      • Policy compliance
      • Regulatory risk rating and review
      • Appraisal reviews for policy and risk compliance
  • Loan file re-underwriting in support of whole loan, MSR and MBS/ABS purchases, and securitization transactions
  • Comprehensive data integrity review
  • Electronic document bookmarking

Compliance

  • TRID pre- & post-consummation audits
  • RESPA 2010 Audits for seasoned loans

Fraud Audits

  • Mortgage fraud audit services (loan origination validation; fraud investigation; repurchase and warranties audit)
  • Loan repurchase claim rebuttal reviews (forensic re-underwriting; Loan Put-Back Validity; Loan Put-Back Damage Claim Assessments)
  • Comprehensive reporting (pass / fail, exceptions, conditions, etc.)