Are Your Loans Serviced Correctly?
We identify and correct prior servicing errors with tailored solutions powered by our proprietary technology.
About the Utopian Group
Our Mission
At the Utopian Group, we specialize in providing comprehensive reviews of adjustable-rate instruments for residential, consumer, and commercial loans, including HELOCs. Our mission and expertise focus on delivering technology-based solutions that streamline the analysis of adjustable-rate financial instruments. This includes conducting thorough ARM audits and HELOC audits to identify any potential loan servicing errors. By ensuring accurate interest calculations for our clients, we empower them to make informed financial decisions regarding their loan servicing portfolio, helping to mitigate risks associated with Zombie Loans.
Looking to Acquire Loans or Transfer them in?
Our Express Examination Assessment (EEEA) service provides a comprehensive evaluation of the health of the portfolio, while also focusing on individual loans that require immediate attention, such as those flagged during ARM audits or related to HELOC audits. This ensures we address potential loan servicing errors and identify issues like Zombie Loans effectively.
Express Examination Assessment (EAA)
Why sample when you can do so much more for less?
Servicing Portfolio Assessment
Whether it's a one-time review of your servicing portfolio or part of your monthly quality review, our EAA service will simplify your efforts and provide you with a highly efficient means of reviewing your adjustable rate instruments, including ARM audits. This service can help identify any loan servicing errors that may be affecting your adjustable-rate mortgages.
Capital Markets Due Diligence
The key to a successful acquisition of loans, including HELOCs, is to have the correct information upfront before you supply your bid. This is precisely what we provide - corrected interest rates, corrected WACs, and corrected WAMs. As a supplement to your existing due diligence or sales processes, we'll provide you with the information and tools you need to make informed decisions about the prospective portfolio, including insights into Zombie Loans, together with strategies for reducing your expenses regardless of whether you're buying or selling!
Loan Types
Our technology identifies and corrects loan servicing errors for all types of loans, including:
ARMs
HELOCs (including Zombie loans)
Closed-End Seconds
Business Cycle Loans
Commercial Loans
Multiple Modifications
SCRA Loans
Payment History Recasting
Adjustable instruments with one or more of the following features:
- All payment frequencies - monthly, bi-weekly, or semi-annually
- All interest rate change frequencies;
- Daily Simple Interest
- Interest-only options
- Balloon loans
- Buydowns & Subsidies
- GPMs & Step Rates
- Negative Amortization
- Carryover Interest, Minimum rate changes & other rare features.
Life of Loan Analysis (LOLA)
Pay History Recasted Using Correct Data & Rates
Data from loan documents, including ARM audits and HELOC audits, is securely ingested into our proprietary software, which recalculates interest charges based on corrected interest rates using independently verified indices. Payments received are properly reapplied using verified data and correct interest rates, addressing any potential loan servicing errors. Reporting displays historical payment history alongside the corrected servicing to summarize any interest overcharged or underscharged to the borrower, including issues related to Zombie Loans.
Correct your loan boarding information, validate your accrued interest, recast your large curtailments, or simply prove up the servicing of your HELOCs and other loans. Our customizable, highly versatile technology solutions will deliver efficiency and cost savings for your operations.
