CoreLogic To Provide RMBS Due Diligence For S&P

Santa Ana, Calif.-based CoreLogic has announced that Standard & Poor's (S&P) has approved it as a third-party due diligence provider for residential mortgage-backed securities (RMBS) rated by that agency.

According to the company, CoreLogic provides diligence services for residential mortgages and small balance commercial loans, including forensic due diligence, nonperforming loan reviews, acquisition and securitization reviews, data integrity reviews and quality control. CoreLogic's due diligence is working with a growing number of issuers, originators and investors on pre-securitization and loan quality projects, and it also provides underwriting support to press or defend buy-back claims.

‘To attract investors back to private-label mortgage securities, issuers must deliver greater transparency and demonstrate that they have employed the best available tools to identify and reduce risk,’ says Mark Hughes, vice president at CoreLogic.


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