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Post Funding Settlement Reconciliation
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This module was designed specifically for PMSI consultant’s to identify and recover millions of dollars made on settlements that involved ARM loan products. It is estimated that between 20% - 30% of ARM loans are transacted incorrectly. |
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Simple inaccuracies of ARM loans especially with those that have teaser rates can cost an organization millions of dollars. The client can utilize PMSI consultants or use of this application to perform the post reconciliation themselves.
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Using our proprietary application, PMSI Consultants will perform the reconciliation of previous settlements and assist in recovering monetary findings. |
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Sample of actual Unclaimed $ due to use of excel and misuse of corresponding rates: |
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| Seller/Buyer |
# loans Processed |
# of Errors |
Error Rate |
Unclaimed $ |
Top 10 Originator |
364 |
111 |
30% |
100,554 |
#1 Originator/Conduit |
674 |
659 |
98% |
166,352 |
Top 20 originator |
37 |
30 |
81% |
12,693 |
Wall Street |
358 |
150 |
42% |
79,345 |
Top 10 Originator |
863 |
164 |
19% |
70,289 |
Top 10 originator |
5308 |
1288 |
24% |
683,146 |
Wall Street |
540 |
307 |
57% |
16,128 |
Top 10 Originator |
3007 |
155 |
5% |
136,300 |
Top 3 Conduit |
215 |
202 |
94% |
88,494 |
Wall Street |
1894 |
79 |
4% |
64,198 |
Wall Street |
762 |
281 |
37% |
63,516 |
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* We can not disclose the actual organization because these are actual case |
$1,481,015 |
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