How can you mitigate risk, identify opportunities, and ensure loan quality? By partnering with the right mortgage due diligence partner. How can you find the right mortgage due diligence partner? By vetting your options.
You should be asking your candidates about their industry experience, expertise in compliance, underwriting, and collateral assessment, as well as their rating agency acceptances.
A partner who has been recognized as an acceptable third-party due diligence firm by popular rating agencies is a trusted partner.
With that in mind, MetaSource is pleased to announce that we have been added to DBRS Morningstar’s list of acceptable third-party mortgage due diligence firms.
Why Does This Acceptance Matter?
Since entering the third-party review (TPR) space in 2007, MetaSource has been accepted as a TPR firm by S&P Global Ratings, Fitch Ratings, and now DBRS Morningstar. According to Mary Walraven, MetaSource’s EVP of Mortgage Solutions, this ever-growing list of rating agency acceptances demonstrates our commitment to providing the best due diligence solutions possible.
“We are dedicated to transforming the due diligence process through expertise and technology, and our expanding list of rating agency acceptances demonstrates this,” Walraven said.
These acceptances affirm that MetaSource’s efforts to revolutionize the due diligence process are not done in vain, but, instead, result in solutions that meet industry needs and requirements.
Like the other rating agencies who have accepted MetaSource as a TPR firm, DBRS Morningstar took several factors into account when evaluating our due diligence services. According to its Third-Party Due-Diligence Criteria for U.S. RMBS Transactions, DBRS Morningstar assesses TPR due diligence firms’ staffing, infrastructure, and capabilities during reviews. The rating agency particularly considers TPR firms’ underwriting and compliance expertise, quality control procedures, and system proficiency.
Therefore, MetaSource’s acceptance as a third-party due diligence firm by DBRS Morningstar verifies our deep expertise, proven processes, and software functionalities.
What’s Next for MetaSource?
MetaSource is proud to have been added to DBRS Morningstar’s list of acceptable third-party mortgage due diligence firms, but our innovative team is never content with being static. We plan to further confirm our credibility in the mortgage due diligence space by continuously adding to our list of rating agency acceptances as well as our extensive list of securitization services, which includes:
- Securitization reviews
- Data integrity services
- Regulatory compliance reviews
- Trailing document services
MetaSource reviews both residential mortgage-backed securities and mortgage servicing rights transactions and offers both bulk and flow service options. Not to mention, MetaSource is the first due diligence vendor to integrate with top loan origination systems (LOS). Our LOS integrations result in faster turn times and greater viability for our clients.
With our integrations, best-in-class software, and dedicated team of mortgage experts, we help our due diligence clients reduce risk, identify opportunities, and ensure loan quality. And we can help you too!