SALT LAKE CITY (PRWEB) January 08, 2019
MetaSource, a leading provider of mortgage quality control services and technology, has just been accepted to the Standard & Poors’ (S&P) list of reviewed firms that conduct third-party due diligence for U.S. residential mortgage-backed securities. MetaSource is one of only a small group of firms that met the assessment factors that are part of S&P’s increasingly strict criteria for the list.
“The rating is considered to be one of the ‘gold standards’ of the industry, and the fact that MetaSource has achieved it should give investors tremendous confidence in our abilities as we move further into this marketplace,” said MetaSource’s president & CEO, Adam Östhed.
In reviewing firms to create the list, which is updated every 18 months, the S&P employs rigorous criteria, scrutinizing such factors as loan data quality, compliance with required underwriting guidelines, property valuation, supporting technology and regulatory compliance.
As part of the process, the S&P reviewed MetaSource’s proprietary web-based platform that allows for complete transparency among buyers and sellers as it completes third-party securitization-related due diligence. “We’re very unique in how we’re able to interact with our customers and sellers through the process,” says Mary Kladde, MetaSource’s senior vice president of mortgage services. Through MetaSource’s interactive platform, both buyers and sellers can see work happening in real-time as it is being completed, including the audit results. “We can set the level of transparency a client wants based on their requirements,” she says.
In addition, the platform utilizes such technologies as Robotic Process Automation and Optical Character Recognition to dramatically speed up turnaround times. “Some firms still rely on using Excel spreadsheets and manual processes to enter and validate data,” Kladde says. “We’ve automated many traditionally manual processes and as a result, we’re shortening transaction times and improving accuracy.
“With the S&P acceptance and our ability to provide complete transparency and faster transaction turnarounds, MetaSource is working to revolutionize the mortgage due diligence marketplace and setting new standards for speed, quality and accuracy,” Kladde adds.
About MetaSource: MetaSource is a Digital Transformation Solutions provider, focused on Business Process Outsourcing (BPO) / Business Process Management (BPM) services integrated with Enterprise Content Management (ECM), workflow solutions, compliance services and customer experience processes. MetaSource helps its clients manage risk, improve quality, increase efficiency and realize their most important goals – with special expertise serving the mortgage industry. MetaSource’s mortgage services include quality control (QC) audits (pre-fund, post-close, servicing, MERS), lien release, whole loan purchase reviews, and cutting edge technology. MetaSource solutions enable its clients to focus on their core business while MetaSource does the rest.
More at https://mortgage.metasource.com