Due diligence

Hypoport Netherlands provides loan record due diligence services. Such services automatically check field information per record. Loan record data is uploaded from the loan level servicer.
 
Approximately 100 checks are carried out. Items checked are technical as well as functional. For example:

• Incorrect data formats in a field 
• Illogical functional field information 
• Inter-period changes (e.g. loan rates moved on a non-interest reset date)

Clients can request new criteria upon which they wish to check the data. Hypoport Netherlands provides automatic servicer reports, detailing what errors have occurred for which loans. These reports are sent directly to the loan level servicer in order to speed up the resubmission of the corrected loan file. This is a crucial step in ensuring timely and accurate reporting.

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