Whether for a purchase, or an existing portfolio, Waypoint reviews commercial and mortgage lending programs by validating appraisals, searching for technical errors, reviewing documentation for regulatory compliance, and more.
- Appraisal Review – Residential
- Reviews for comp appropriateness
- Reviews for technical errors
- Reviews for technical issues that may hinder a sale (such as “Subject to” values)
- 24-48 turn time
- Low cost (starting at $39 ea.)
- Cost can be passed on to borrower if CU chooses
- Can be used to for MBL purposes if residential rental properties are securing the loan
- Enhances loan documentation quality
- Appraisal Review – MBL
- Reviews for comp appropriateness
- Reviews for technical errors
- Reviews for technical issues that may hinder a sale (such as “Subject to” values)
- 24-48 turn time
- Low cost (starting at $150 ea.)
- Cost can be passed on to borrower if CU chooses
- Enhances loan documentation quality
- Loan Review – 90 days
- Generally for MBL files
- Reviews for documentation appropriateness
- Reviews for technical errors or issues
- 24-48 turn time
- Low cost (starting at $100 ea.)
- Cost can be passed on to borrower if CU chooses
- Enhances loan documentation quality
- Reviews after 90 days to provide time for CU to get liens perfected and so forth
- Static Pool Analysis