Private lenders run the loan-boarding framework against the origination-to-servicing cycle on each new loan. Seven recurring identity-verification mistakes run against the lender's framework on the boarding cycle. Each runs the lender into a regulatory, wire-fraud, or secondary-market framework against the loan portfolio. This article [...]
Loan boarding runs the workflow framework against the transfer cycle from the origination framework to the servicing framework. Identity verification at loan boarding runs the lender's know-your-customer framework, the entity-authority framework, and the regulatory-compliance framework against each new loan on the servicing platform. The [...]
Private lenders run recurring questions on the wire-fraud framework against the loan-funding cycle, the borrower-payoff cycle, the investor-distribution cycle, and the vendor-payment cycle. This article answers the questions on the verification framework, the IC3 reporting framework, the insurance framework, and the corrective-action framework against [...]
Private lenders run the wire-approval framework on two primary frameworks — the single-control framework and the dual-control framework. The choice runs against the lender's wire-fraud discipline, the lender's operational framework, and the lender's insurance framework. This article walks the side-by-side framework against each.Single-control frameworkThe [...]
This case study walks an illustrative private lender through a wire-fraud loss event on a borrower-payoff cycle, the time-sensitive notification framework against the sending bank, the IC3 complaint framework against the FBI, and the Financial Fraud Kill Chain recovery framework. The facts are illustrative [...]
Out-of-band wire verification runs the verification framework against a separate communication channel from the channel that delivered the wire instruction. This article walks the five-step framework against each wire verification on the lender's framework.Step 1: Identify the channel of the wire instructionThe lender runs [...]
Private lenders run the wire-fraud framework against the loan-funding cycle, the borrower-payoff cycle, the investor-distribution cycle, and the vendor-payment cycle. Seven warning signs run on a recurring framework against the wire-fraud cycle, and each runs the lender into a defense framework against the fraudster. [...]
Private lenders run the wire-transfer framework against the loan-funding cycle, the borrower-payoff cycle, the investor-distribution cycle, and the vendor-payment cycle. Wire fraud runs against each cycle — borrower-payoff diversion, vendor-impersonation redirection, escrow-instruction substitution, and business-email compromise of the lender's wire-approval framework. The FBI Internet [...]
Private mortgage fund managers run recurring questions on the quarterly waterfall framework. This article answers the questions on the tier framework, the reserve framework, the K-1 framework, and the corrective framework against the waterfall execution cycle.What is a waterfall distribution?A waterfall distribution runs the [...]
The preferred-return framework on a private mortgage fund runs against two primary frameworks — the cash-on-cash framework and the accrued framework. The choice runs against the fund's investor framework, the fund's manager framework, and the fund's distribution-cycle discipline. This article walks the side-by-side framework [...]
