Our special operations unit is designed to bring down high defaults and claims, reflected in a high Compare Ratio. Through a structured program, the Compare Ratio Task Force®, we gradually work to diminish high compare ratios, HUD's statistic that reflects a lender's default and claims experience.

When a Compare Ratio is above 150: HUD begins a due diligence process to review the mortgagee's default and claims experience.

When a Compare Ratio is 200 or more: the mortgagee is subject to possible disciplinary review, termination of underwriting authority, and loss of FHA mortgagee approval.

THE SOLUTION TO HIGH COMPARE RATIOS

OUR REMEDY

>>Comprehensive review of existing defaults and claims for loss  

mitigation and loan modification eligibility

>>HUD-FHA and regulatory compliance guidance for the mortgagee

>>Notification to mortgagee of borrower's loss mitigation eligibility

>>Notification to borrower of loss mitigation eligibility

>>Referrals to expert, nationwide legal counsel to handle loss

mitigation and loan modification strategies

>>Monitoring of loss mitigation applications in process

>>Follow-up with mortgage servicers to assure proper and timely 

resolution and notification to HUD-FHA

>>On-going review and loss mitigation of new defaults and claims

TASK FORCE DESCRIPTION

>>Staffed with subject matter experts and skilled auditors

>>Specially designed checklists and automated file screening

systems

>>State-of-the-art quality control, compliance, forensics, and

modern research facility

>>Scalable up to virtually any size default and claims experience

>>Upload/download large file formats for prompt reviews

>>Located in a secured and safe audit location