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LOAN REVIEW
Data Integrity
The need for accurate & updated loan data has never been greater than it is
today. It is the basis for nearly all decisions you will make on a pool of
loans. Clayton’s data integrity reviews provide clients with the data confidence
they require to make the best decisions possible.
As your independent, third-party provider, Clayton is capable of verifying data
points from a number of sources including:
- Origination data
- Seller data
- Servicer data
- Updated data, including credit or valuation data from 3rd party providers
At the core of our service is the capability to compare electronic file data
against data retrieved from source documentation made available to Clayton (i.e.
loan files). However, Clayton can also perform discrepancy analysis on data
provided only via electronic file, and can further assist in incorporating and
comparing newly-run data such as updated credit or valuation information to
determine drifts, deterioration, etc. Whether you are looking to confirm only
key data points or on a universe of fields for complete transparency, Clayton
can deliver the results you seek.
Review Process
Our process is straightforward:
- Electronic data is mapped into our review system, customized to the data
validation you require
- Loan Review Specialists collect data from the loan file, including
re-calculations of LTV, DTI, etc.
- Collected data is reviewed by a Quality Control Specialist
Reporting
At the conclusion of the review, comprehensive reporting is provided. Our
standard reports include:
- Data discrepancy reports which identify, by loan, any variances between the
provided electronic data and the data as collected by Clayton. Summary level
reporting, by field, is also provided
- Data upload report including all review data collected by Clayton
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