Post-Closing Quality Control and Denied Applications Review
To assure the quality and integrity of its consolidated student loan originations, a bank engaged CrossCheck to perform post-closing quality control reviews on a sample of its monthly originations and denied applications. CrossCheck reviewed the underwriting and compliance performance of the loans and provided monthly reporting with findings and trend analysis. As a result, the bank gained greater confidence that its student loans and the securities they backed conformed to the bank’s quality standards and market expectations.
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