Repurchase Review

Our consultants are skilled in navigating the sensitive waters surrounding Repurchase Requests.  We will tailor our review to meet your specific needs.  We will handle all aspects of the transaction from initial review, locating documents, writing letters through final disposition or any portion of the process you require. Whether demanding or defending a repurchase request, accurate and concise information is the key to success.  The Cognitive Options Group utilizes the Residential Repurchase Review System (RRRS), a data gathering program we developed with Quadravision Analytics, Inc to collect and organize loan information for analysis.  By employing RRRS, Cognops can prepare point-by-point repurchase analysis, including document capture and forensic evidence gathering.

RRRS provides a complete analysis of loan documentation, legal and credit compliance, and then provides weighted guidance in targeting the points of contention.  By stratifying the request into primary, secondary and tertiary issues, RRRS provides our clients with a clear strategy as they negotiate the repurchase request to settlement.

Even perfect collection of data however is valuable only if the information can then be organized and presented in a clear and meaningful format.  RRRS can produce a full menu of industry-standard reports which can be exported into Excel for easy review and analysis of the data captured during the loan review.  RRRS also contains an ad-hoc report feature which provides on-the-fly report design capabilities to accommodate any client need for specialized reporting.  Information on individual loans is readily available on tabs within RRRS.

The Cognitive Options review team can use the RRRS onsite. Because the system is accessed via a secure, encrypted server the review can also take place remotely if files are available electronically, thus saving the client travel expenses. Either way, the Project Manager has real-time access to data and complete control over the review and quality control processes.

RRRS simplifies the review of a loan portfolio by:

  •  Providing a data input format that follows the loan file, improving the reviewer’s efficiency and decreasing the time required for completion of the project;
  • Utilizing drop-downs and tables to expedite workflow, reduce input errors, and improve consistency in reporting;
  • Operating in a  completely secure environment;
  • Supporting real-time review of data and monitoring of project progress;
  • Providing menu-driven, industry-standard reporting and customized reports on the fly with the ad-hoc reporting module.