Nationstar Mortgage has been providing forensic / due diligence reviews of MBS/ABS underlying assets for over 10 years. Using the originator’s underwriting guidelines, we perform an in-depth loan level and pool level analysis to determine:

1. The validity of the loans prior to the transaction execution.
2. If a breach of a representation or warranty has occurred and/or the extent of the breach.

During the life of a transaction we monitor the contractual trigger events and when and if the trigger is reached, we perform targeted or sample reviews to determine the validity and materiality of the trigger and then provide detailed reporting to the client and other counterparties as required.

After a breach of a representation or warranty has been identified, the Due Diligence team will draft and send a claim to the counterparty and work with them on refuted or contested claims. If negotiation for settlement is required, we will negotiate the claim between our client and the counterparty. All claims are monitored until the demand for remediation is resolved.