Digital Solutions to Streamline Mortgage Operations

Our consultants successfully delivered a project enabling the client to create a streamlined process and application for managing loss-sharing data. This involved designing a centralized loss-sharing database to serve as a trusted single source of data and ensuring the management of loss-sharing as an ongoing operational process.

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Our Consultants

  • .NET Developers
  • Java Developers
  • Business Analysts
  • Project Managers
  • QA Testers

Our Experience

Process Consolidation

Consolidated workstreams to handle critical calculations, such as accrued interest, troubled debt restructuring (TDR), impaired loan disclosures, and multifamily credit accounting data uploads.

Loss Allowance

Implemented the MF REO Loss Allowance workstream to derive multifamily allowance estimates, restate charge-off accounts, and apply accounting standards for impaired loans.

Hedge Accounting

Supported FAS 133 fair value hedge accounting implementation by identifying multifamily loans eligible for hedge accounting and ensuring consistent transaction standards.

Data Integrity

Identified and corrected data issues in source systems and applications that could have impacted fair value reporting or overbooked reserve amounts under FAS 114.

Automation & Optimization

Designed applications to reduce reliance on manual ad-hoc analyses, streamline operations, and enhance resource efficiency.

SOX Compliance

Streamlined Sarbanes-Oxley (SOX) processes, improved change management flows, and developed applications that significantly shortened the financial reporting close process.

Technologies We Leverage

Programming & Web Development

ASP 2.0, VBScript, JavaScript, HTML, VB.NET, Visual Studio .NET, XML Web Services.

Databases & Analytics

SQL Server, Oracle, Sybase, MS Access, TOAD for Oracle, Tableau, SAS, MicroStrategy, Oracle Business Intelligence Suite (OBIEE).

Testing & Quality Management

Quality Center, Test Director, Bugzilla, Rational ClearQuest, QTP, WinRunner.

Project Management & Modeling

MS Project, MS Visio, Rational Req. Pro, Agile, Scrum, RUP, Waterfall.

Collaboration Tools

SOX-XL, MS SharePoint.

Enterprise Tools

IBM Maximo, BMC Remedy AR System.

Through innovative use of technology and process improvements, our team helped the client achieve operational efficiency, improve financial reporting accuracy, and better utilize their resources for sustained growth and compliance.