OUR SERVICES
Asset Integrity Unit
The recognized deficiencies in recent lending practices have led to a catastrophic level of losses in the financial industry. These subprime and Mortgage Backed Securities (MBS) losses have in turn created a domino effect of increased delinquencies across all closedend and revolving credit products. Financial institutions are finding themselves exposed to a growing number of overall credit based risks, including:
- Portfolio depreciation across multiple products
- Write-downs
- Lack of liquidity
- Allegations of fraud and misrepresentation
- Litigation costs
More and more institutions are recognizing the need to take proactive steps to mitigate their exposure. Finding qualified resources to proactively identify the deficient processes and implement corrective action is often as much a challenge as the credit crisis itself.
IPSA International, Inc (IPSA) is a leading international operational risk consulting firm with a long track record in assisting financial institutions. Through development of an enterprise-wide operational risk model addressing concerns regarding due diligence, anti-money laundering programs, compliance mandates, fraud losses, credit deficiencies and subprime exposures, IPSA has assisted clients with many of their compliance and risk related needs.
IPSA’s innovative, enterprise-wide approach can help financial institutions in a number of ways to reduce and prevent losses while increasing their returns through:
- Assisting financial institutions and government oversight personnel vet potential asset managers to ensure compliance with ongoing repurchases of delinquent mortgage accounts
- Help to implement new rules and tools to quickly identify suspect accounts (identifying “straw buyers” versus credit losses)
- Identifying process deficiencies and offering cost effective corrective action
- Significantly lower fraud and credit losses while limiting exposure to potential adverse media
- Help financial institutions and asset managers identify effective collection strategies for re-purchased mortgages where there are no true customers (“straw buyers”)
- Implementing ongoing process reviews with easy to read dashboards across products and functions allowing decisions for process improvements based upon quantifiable returns in a proactive manner
IPSA offers institutions a proven suite of tools enabling enterprise-wide risk assessments to make collections, risk and operations people more effective, reduce operational expenses and increase recoveries. IPSA’s team combines the expertise of former regulators, law enforcement officers from various branches and financial industry insiders to offer the most complete risk review possible.
IPSA can respond quickly with a team of recognized professionals to help identify compromise points, offer cost-effective corrective action and follow-up with ongoing independent audits to ensure that agreed safeguards and processes are being maintained.
Our professionals provide unparalleled expertise in the following areas:
- Risk evaluating and rating of mortgages or entire portfolios
- Analysis of individual loan documents
- Detection of fraud within non-performing loans
- Due diligence on mortgage applicants
- Help identify strategies for collections or getting potential customers off delinquencies
- Locating and interviewing loan applicants originators, appraisers or brokers
- Develop and implement an independent review for re-structured loans and ensuring that the minimum standards are applied
- Assessment of program policies and procedures
- Develop and implement minimum standards applicable across the financial industry
- Litigation support
IPSA has extensive experience in managing significant remediation projects at leading financial institutions with teams ranging in size from five to 100. We have the ability to respond quickly in a reactive situation, or can offer numerous proactive solutions tailored to a clients’ specific need.
IPSA's development of an innovative, enterprise-wide, operational risk model offers clients ongoing assurances that potential prior compromise points are being addressed. Additionally, proactive identification of potential new liabilities will be constantly re-assessed and immediately dealt with. This type of loss management approach offers clients substantial gains in net income through current and ongoing process reviews, credit loss and fraud reductions and better management of operational expenses and resources.
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(800) 997-4772