Transaction support and preparation
Recovco can assist clients in mitigating risk and completing mortgage asset transactions such as whole loan trades, securitizations, and MSR transfers. Our expertise in the secondary mortgage and capital markets and our experience enable us to seamlessly assist clients and integrate with their risk mitigation strategies, resulting in fewer losses and claims, minimized costs, shortened timelines, and maximized pull-through.
Get in touch
Offerings include:
Trailing Document & Shipping
- Collect original executed docs
- Process recorded mortgages &deed of trust
- Obtain insurance policies and final title
- Ship all documents to appropriate investors
- Reconcile investor lock withpurchase advices
Valuations
- Field appraisal ordering and review
- AVM / BPO ordering and review
- Appraisal desktop reconciliation
- Interagency guideline compliance evaluations
- Property inspection reviews
- USPAP review and compliance
- Value reconciliations
Collateral Management
- Complete collateral file inventory and identify exceptions
- Complete chain of title review
- Create collateral exception report
- Cure identified exceptions
- Prepare, manage, and track assignment recordation
Trailing Document & Shipping
- Collect original executed docs
- Process recorded mortgages & deed of trust
- Obtain insurance policies and final title
- Ship all documents to appropriate investors
- Reconcile investor lock with purchase advices
