Mortgage Lending Guardian
RML Advisors is a recognized mortgage banking consultancy providing enterprise risk management services to mortgage bankers.
Decision Ready Solutions is a leading provider of specialized technology risk management solutions to the mortgage industry.
Closing Agent & Loan Transaction Oversight
Entity Assessment - Every agent undergoes a thorough background assessment that includes:
Compliance/lender relationship management information
Has agent or any principal officer or shareholder been subject to investigation, complaint or consent
order from any federal or state agency?
Does agent perform any with subcontractors located outside the US?
The agent is duly licensed to conduct loan closing services in the state where the property is located.
The agent follows ALTA’s Best Practices Framework.
The agent is duly authorized by the title underwriter (if providing title insurance)
E&O Insurance/Fidelity Bond- Agent maintains sufficient coverage with an acceptable insurer.
Agent has executed an acceptable Confidentiality Agreement or NDA with the lender to provide a clear path for
privacy recourse (notwithstanding the Guardian warranty to provide injured consumers with LifeLock for 1 year.
Wire instructions and an independent verification of the agent’s bank account for the receipt of loan proceeds.
Support to monitor closing agent quality performance
Entity Assessment - Areas include insurance, financials, information security, disaster recovery, CFPB compliant
Vendor Portal - Manage policy communications and corrective action plans; store historical versions.
Program Elements Include:
Vendor Management Policies & Procedures
Implementation Support - supports a turnkey solution
Assessment Outsource Services for Tier 1/Tier 2 Vendors
Supports ongoing monitoring of vendor performance
Supports monitoring and resolution of vendor incidents
Support for exceptions and technical issues
Mortgage Lending GuardianSM is a suite of vendor management and closing agent solutions.
Our solution couples risk management expertise and technology strength to provide
comprehensive turnkey risk management solutions for both Vendor Management and
Closing Agent Management that are differentiated in the marketplace.