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Altavera Selected as a Preferred Provider for Capital Markets Cooperative

NationalMortgageProfessional.com
Sep 19, 2016
Altavera Mortgage Services has announced that it has been named a preferred provider for Capital Markets Cooperative LLC (CMC), a nationwide alliance of mortgage bankers

Altavera Mortgage Services has announced that it has been named a preferred provider for Capital Markets Cooperative LLC (CMC), a nationwide alliance of mortgage bankers.

Altavera provides private label mortgage loan fulfillment solutions that reduce mortgage bankers’ costs and provide additional capacity—all as a fully SAFE Act compliant loan fulfillment partner. Offering either a comprehensive end-to-end fulfillment solution or a component-based solution, Altavera service delivery is structured to meet lenders’ specific needs and goals for loan processing; underwriting, including customized non-QM underwriting services; closing; and funding.

Further, Altavera offers closed loan reviews to prospective buyers and sellers of mortgage loans, building on a standard review criteria to tailor each review to specific requirements and particular products, including agency and non-QM. Critical components of an Altavera closed loan review include full regulatory and compliance reviews; a full re-underwriting of loan file to specific guidelines; property valuation analysis utilizing licensed appraisers; fraud reviews utilizing various third-party verification; and data validations.

“Altavera is honored to join the select group of preferred providers serving CMC patrons,” said Altavera President Brian Simons. “Our industry has rebounded with a fresh focus on quality, compliance and efficiency–characteristics that will determine competitive differentiation for complex mortgage lending businesses.”

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