Compliance
Protect your customers and your business.
There are a lot of rules and regulations in the mortgage industry.
From fraud protection to fair lending requirements, it’s a lot to manage. Birchwood’s suite of compliance products and services makes it easy to stay up to date on all the latest standards, quickly and easily identify risks, and accurately verify critical borrower information. Birchwood helps you protect your customers and your business. We have all the data and services you need to dot all the i’s and cross all the t’s.
Refresh Reports
Keep your loan on track with our fixed-price LQI bundle. Birchwood’s Loan Quality Initiative (LQI) bundle includes three services: Refresh Credit Report, Comparison Report, and Inquiry Clearance Service. These services help you quickly and easily identify undisclosed liabilities, maintain compliance, and reduce the risk of buy-back situations.
Undisclosed Debt Monitoring (UDM)
Easily track credit activity that could put your loan at risk. Reduce your loan repurchase risk and keep closings moving forward with our continuous monitoring of borrower credit activity in the quiet period between the original credit file pull and loan closing.
ID Verification Reports
Identify and respond to Red Flags. These reports alert you to issues that could compromise your compliance with the FACTA “Red Flags Rule.” Using a comprehensive series of checks, searches, and counters to screen each borrower, these products provide immediate data on warning signs and critical discrepancies. This product verifies name, address, phone, SSN Death Master file, DOB, Office of Foreign Assets Control (OFAC), Finn watch lists—in all more than 50 specific and actionable warning messages.
Risk-based Pricing Exception Notice Mailer
Save yourself time, effort, and worry with automated mailing. Maintain FACT Act compliance with minimal effort and worry. Birchwood’s Risk-Based Pricing Disclosure product includes the option of having our team mail the disclosure on your behalf. We reduce your workload and responsibility by mailing directly to each consumer for whom you pull credit as part of the application process. Sign up once, and you never need to think about it again.
Fraud Reports
Prevent mortgage fraud and collateral risk. Our easy-to-read, intuitive fraud reports use patented predictive-analytics scoring technology to expose suspicious mortgage loans at the application stage. This early warning allows lenders, investors, and servicers to quickly and easily identify each loan’s fraud risk before and after funding.
Mortgage Participant Report
Verify who you’re working with to protect your business. Easily monitor appraiser licensing data and industry watch lists and stay informed about any potential excluded parties. This service instantly validates all participants in a mortgage financing transaction, including anyone involved in origination, underwriting, or servicing.
Portfolio Review
Your loan portfolio is your most important asset. Protect it. Our Portfolio Review is a streamlined, cost-effective risk management solution that enables you to evaluate both positive and negative changes to your account holders’ credit status on a weekly, monthly, quarterly, or as-needed basis. Available services include multiple types of portfolio review including credit and flood to help you manage your portfolio risk and account holder relationships easily and effectively.
MortgageWatch Forbearance Monitoring
Identify borrowers who may be in forbearance, help lower loss severity rates, reduce reserve requirements, and restore long-term confidence in the mortgage origination process. This product keeps your closings on track by continuously monitoring borrower files for new forbearance and/or increased credit activity during the quiet period between the original credit file pull and loan closing.