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Due
Diligence Reviews
Recent
turmoil in the global financial markets means that the
need for independent due diligence in mortgage and
consumer asset transactions is greater today than ever.
Investor uncertainty, escalating occurrences of fraud,
the emergence of new loan products and originators, and
an increasingly complex compliance landscape make
comprehensive risk analysis a necessary component of any
asset acquisition in the secondary market. Opus
International understands that accurate pricing and
effective risk management depend on the accuracy of due
diligence reviews, which is why we are committed to
providing our clients with unparalleled service that
includes the most accurate and effective data available.
Quality underwriting is really the key factor, yet often
this basic element of the due diligence process is
overlooked in favor of simple data entry. Opus
International is committed to providing high quality
underwriting that can identify underlying credit
problems or potential fraud that may not be ascertained
by simply looking at numbers. That is why each Opus
underwriter must meet minimum service requirements and
is carefully screened and tested before being assigned
to a project. This ensures that our clients will not be
put at risk.
OpusFirst, our innovative due diligence system, allows
us to offer the best in due diligence review technology,
including the flexibility of on-site real-time
reporting. Information is delivered quickly and
accurately. Opus team leaders and transaction managers
work quickly on resolution of loan-level exceptions to
ensure timely job completion and a successful trade
settlement.
Opus International performs many different types of
asset and data reviews, including:
Opus International is able to review a variety of loan
products, including:
We can also provide temporary professional staffing to
perform due diligence and related work at your
direction.
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Distressed Asset Reviews
The residential housing markets are weakening in both
the US and UK, and banks and other investors are
de-leveraging their portfolios in response to the credit
crisis. Trading these assets requires extending the
basic due diligence scope to provide a review of
non-performing, under-performing, or distressed assets.
For these loans, validating the original underwriting is
often less important than assessing current collateral
value and future performance. For distressed assets,
Opus International is able to:
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Verify or obtain current market values for
collateral, to help estimate the liquidation value
of a non-performing loan
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Verify or obtain updated borrower information
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Verify or obtain market trend data
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Re-underwrite the loan and estimate probability of
default using current data
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Compliance Reviews
Keeping up with new developments in regulatory
compliance, and incorporating those developments into
the loan review process is a challenge. Compliance is a
strength at Opus International. Our senior management
has over 50 years of combined compliance experience,
giving our clients confidence in our interpretations and
the accurate results of our compliance reviews.
Whether we are performing a loan-by-loan review or an
analysis of operational compliance, as a client of Opus
International, you can expect:
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Current tests and tolerances for national and local
regulations, such as the FSA MCOB rulebook (UK) or
HUD and GSE requirements (US)
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In depth loan level quality control with a 100%
re-review of all input data
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Accurate and discernable reporting
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Access to superior compliance consultation
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Operational Reviews
At a time when credit risk has paralyzed global markets,
knowing which lenders actually enforce their stated
underwriting guidelines is critical information. Opus
International's operational review process is designed
to elicit a meaningful and actionable assessment of all
client-specified operational procedures. Opus utilizes
operational management interviews, software
demonstration, compliance knowledge assessment, and many
other means to produce a comprehensive analysis and
provide effective feedback and recommendations. This
operational review process is certain to reveal both
strengths and risks, making a difference for our
clients.
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Advisory and Consultation
The Opus CMC advisory team draws on its experience as
industry leaders to provide high quality consultation,
including:
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Client Management, Advisement and Education
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Due diligence/ portfolio analysis counseling
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Legal, regulatory and reputation risk exposure
assessment
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Technical support and advanced IT solutions
development
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Internal training and guideline development
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Third party compliance audit
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Professional Staffing
Adaptability is essential in navigating the dynamic
credit finance industry. Staffing needs can be highly
unpredictable and often changing. From closing to
collections, processing, underwriting and secondary
market services, Opus is at the forefront in providing
timely and effective staffing solutions for your needs.
Our specialty is residential mortgage lending, but we
can also assist with commercial and consumer loan
analysis, risk assessment, and underwriting.
Experience and expertise are a must. Drawing from an
extensive pool of highly skilled contractors in the
United States and Europe, Opus can probably find a good
fit for your requirements. We even have bi-lingual
(English-Spanish) associates. However, please note that
we may not be able to provide staffing in all markets.
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