Representative Engagements

CrossCheck was engaged by a regional bank to perform due diligence reviews of mortgage loan samples from three proposed separate bulk whole loan purchases. The portfolios consisted primarily of conventional and jumbo mortgage loans, and the bank requested an assessment of compliance with federal and state regulatory requirements. CrossCheck examined more than 200 compliance data points, including requirements under Regulation Z, Regulation X, TRID, flood insurance, private mortgage insurance, and Higher-Priced Mortgage Loan requirements, as well as applicable state disclosures across 34 states. At the conclusion of the review, CrossCheck delivered a summary of findings identifying high-, medium- and low-risk issues for each loan so the bank could assess acceptable risk levels for each of the bulk whole loans considered for purchase.