Wholesale Solutions
Wholesale lenders engage in: (1) traditional brokered loans that are closed in the wholesale lender's name; (2) "table-funded" loans that are closed in the name of a third party, but in which the wholesale lender provides the loan funds and immediately acquires the loan; and, (3) loan purchase transactions where the loan is initially made and funded by a third party who subsequently sells the loan to the wholesale lender. (See also solutions for investors).
The workflow, electronic data availability, and (most importantly) degree of the risks presented, varies among these different categories of transactions. For each, however, Mavent provides solutions to ensure precise, rapid, and cost-effective review of loans for regulatory compliance and monitoring of third-party relationships
Automated Compliance Engine (ACE)
Mavent develops and maintains ACE's that review loan data against Mavent's
baseline compliance rules, as customized according to a client's
license/charter authority,
regulatory interpretations and
internal compliance policies. Clients can select from Mavent's
baseline reviews which compliance reviews to perform. Mavent's baseline reviews are maintained current by Mavent and its outside counsel network. Applicable substantive law is applied based on the the license or charter authority of all parties (including verification of whether the broker/lender has the authority to broker/make the loan under review). Mavent ACE's can be
deployed in several ways, based upon workflow and data availability constraints. The most efficient deployment is an LOS integration, wherein loan data is processed and exception messages are returned in real-time. (Imagine "spell-check for compliance.") Batch processing is available, as well. Finally, Mavent’s Compliance Console (MC
2) is available for lower volumes or for QA purposes.
Learn more.
Correspondent ACE
The Correspondent ACE program allows clients to make their ACE available to their correspondents and brokers. This enables clients to treat their correspondents and brokers like true partners by providing greater certainty that loans will fund.
Learn More.
Broker and Lender Licensing Search Engine
Mavent improves broker and correspondent due diligence management by providing clients with access to Mavent's continually updated nationwide repository of licensing data. Clients can utilize the database as part of the approval process for new third party relationships and to ensure existing brokers and correspondents maintain active licenses required for applicable transactions.
Learn more.
Broker and Lender License Verification & Monitoring
Mavent verifies, and monitors on an ongoing basis, a client, its approved brokers, and approved correspondents to make certain that all parties remain properly licensed or exempt. Mavent also ascertains whether a client's and its broker's license or exempt statuses grant them the authority to make or broker a particular loan.
Learn more.
RegRisk Intelligence
Mavent's RegRisk Intelligence practice provides wholesale lenders with insight and advice that enable them to operate more profitably without incurring additional -- and in fact, often mitigating -- regulatory risk exposure. Typical engagements include impact analyses of new laws or regulatory frameworks (e.g. charter authority) and benchmarking of existing, internal controls.
Learn more.
Solutions for Wholesale