The correspondent lender, when acquiring loan portfolios through its channels faces several challenges. One of the main areas of concern is the turnaround time required for due diligence, verification and regulatory compliance checks in on-boarding of bulk loan portfolios. The correspondent lender also needs to make sure that all the loans in the portfolio are of good quality, as even a few bad loans can mean a direct loss.. The due diligence process typically includes a  full portfolio QC. It is usually time consuming and it can also be very expensive. Especially so,......

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