HRD Inc. has been working in closely with several financial institutions (National, Regional and Local) across the United States , with Fannie Mae being one of its premier clients.
HRD Inc. has been actively providing solutions to its clients in Financial and Banking domains. Following are the range of activities/domains HRD Inc. has been handling effectively and successfully:
• Portfolio Management
Manage portfolios consisting of National, Regional & Local Servicer/Customer Accounts.
• Reconciliation - MBS and AA Security Balance Call-in Cycles
Analyze and assist lenders during MBS Security Balance and AA Call-in Cycles in resolving reporting errors such as:
- pass-through-rate out of tolerance
- pool deficiencies (over collateralization/under collateralization)
- pools being paid-in-full
- highest pay down
- missing pools
- too low/high balance and
- insufficient unscheduled principal
• Reporting
Gather information from Mainframe and Web-based systems to prepare reports for Management team.
Educate Customers on how to retrieve reports from for portfolio reconciliation. This includes reporting loans and making corrections (edits) to resolve Errors.
• Remittances:
Correspond with Customers to provide root cause explanation for shortage/surplus remittance occurrences
• Loan Activity Reporting & Loan Liquidations
Assist servicers to ensure correct loan activity reporting, especially with loan liquidations.
• Validate servicers' requests for principal, interest & term along with unpaid principal balance, principal and interest payments
• Research and analyze data from the lenders and prepare purchase adjustment documents appropriately for loans.
• Data Rejects
Examine, analyze, and identify the root cause for financial data rejects, and make pertinent corrections.
• Reconcile shortage/surplus for loans by retrieving payment history from various systems. Prepare summary of applicable shortage/surplus for comparison with lenders' data and prepare purchase adjustment.
• Extract data for loans from in-house systems to resolve modification discrepancies.
•Pool Level Corrections
Research and analyze data against Promissory Notes, process pool change requests and prepare backup documents.
• Management Reports
Retrieve and report various management reports and provides comments on monthly basis.
• Prepare ad hoc reports when requested by manager or lenders.
• Prepare and provide monthly Servicer Performance reports
Training is provided in the following areas:
• Investor Reporting (Actual/Actual, Actual Schedule and Schedule-Schedule) – Reporting, Remitting and Reconciling
• Delinquent Loan Reclassification System
• Pool Change Request (PCR) Documentation
• Data Modifications - Hands-on
• Managing the Call-in Cycle using different protocols for reporting and remitting
• Loan Mitigation Processing for Government insured mortgages
• Shortage/Surplus Reconciliation
This page is updated regularly - look for more updated information here.
