Post-close verification isn’t just a compliance requirement, it’s a valuable tool for identifying data inconsistencies, enhancing risk management, and improving loan quality. At LoanLogics, we’ve been closely analyzing QC reverification trends, and the data from July through December 2024 offers powerful insights. In this post, we examine how reverification trends serve as indicators of loan integrity, share results from our…
Author: Elise Baker
Elise Baker joined LoanLogics in 2016 where she served as a senior loan quality control processer for more than five years. During that time, Elise’s strengths managing the reverification process with seamless execution and a focus on process improvement emerged. As a result, she was promoted to reverification manager for the company leading a team of staff supporting the companies’ growing number of services clients, in early 2021.
A LoanLogics Look into Mortgage Reverification Trends
At LoanLogics we’ve been talking a lot about the latest mortgage industry trends with the hopes that it pushes the industry to do something different this year to effectively deal with them. As the reverification manager for the company, I too see and experience the impact of distinct trends during Pre-Funding, Pre-Closing, Post-Closing, Early Payment Default (EPD) etc, reviews in…
Mitigate Purchase Fraud Risk with Reverifications
It seems like just yesterday the pandemic was fanning the flames on the importance of post-closing reverifications of income and employment. While some of that economic volatility has settled down, two years later reverification is still just as significant but for different reasons. In a purchase market, one that’s forecasted to grow 9% this year*, heightened fraud risk comes with…