Standard & Poor’s (S&P) Global Ratings has approved Altavera Mortgage Services as a third-party due diligence provider for U.S. residential mortgage-backed securities (RMBS).
That means Altavera, a provider of outsourced residential mortgage origination services, has met or exceeded S&P’s rigorous criteria related to loan data quality, compliance with originator underwriting guidelines, property valuation, and regulatory compliance.
Altavera joins fewer than a dozen organizations currently included in S&P’s list of reviewed third-party due diligence firms.
Altavera provides investors and correspondent aggregators with a full range of closed-loan file review services for agency and non-qualified mortgage (non-QM) residential mortgages, including validation of product acceptability to investor guidelines, credit decision and supporting documentation, QM/ability-to-repay requirements, regulatory compliance, property valuation, and closing documentation.
“Our goal is to provide buyers and sellers of mortgage loans with confidence in the value of their collateral through extensive yet cost-efficient analysis performed by a team of seasoned experts,” says Jennifer Fountain, the firm’s senior vice president of due diligence, in a press release. “S&P’s recognition of Altavera as a reviewed due diligence provider for RMBS is a vote of confidence in our ability to help investors make informed decisions.”
Altavera is owned by Computershare Ltd., a global company that focuses on transfer agency and share registration, employee equity plans, mortgage servicing, proxy solicitation, and stakeholder communications. It also specializes in corporate trust, bankruptcy, class action and utility administration, and a range of other diversified financial and governance services.
Founded in 1978, Computershare is renowned for its expertise in high-integrity data management, high-volume transaction processing and reconciliations, payments, and stakeholder engagement.