Mortgage Delivery Specialists LLC (MDS), a provider of agency mortgage delivery services and mortgage servicing rights acquisition due diligence, and Indecomm-Mortgage Dynamics Inc. (IMDI), a consulting firm, have formed a strategic partnership under which IMDI will incorporate the use of MDS' mortgage servicing analysis product into its suite of mortgage servicing solutions.
MDS' mortgage servicing analysis product evaluates mortgage data points for errors, inconsistencies and other identifiers that may signal data and/or process issues, the company says.
‘We have seen many new, nontraditional buyers of mortgage servicing rights entering the market recently that do not have the necessary in-house expertise to conduct a full-scale servicing operational due -iligence review when purchasing bulk mortgage servicing rights,’ says MDS' principal, Kent Loehrke.
IMDI conducts a variety of lender reviews, including assessing mortgage servicing operations to determine whether the servicer meets industry standards in protecting the value of the loans. Its servicing operation due-diligence review covers all servicing functions, such as customer service, payoffs and assumptions, cashiering, investor reporting, default administration, servicing sales and transfers, and escrow.