Nationwide Assignment Verification Report Services
Possibly the biggest request in the mortgage servicing industry these days are for searches that report on the chain of assignments for our clients’ mortgages/deeds of trusts.
Considering all the changes and activity in the mortgage industry over the past several years, (and then add in CFPB compliance issues), assignment verification reports are more important than ever! Mortgage companies and servicers need to know for sure that they can produce all evidence required to show that they own or have the servicing rights to that note.
Here's how Blue Streak Docs goes above and beyond for assignment verification reports!
Not All Assignment Verification Reports are Created Equal
Much of it depends on the indexing system used by each courthouse. If it is a grantor-grantee filing system, there’s a good chance that the abstractor will not be interested in searching through thousands and thousands of records to give you a true picture of that mortgage’s history. "No Assignments Found" when incorrectly reported in an AVR can spell D-I-S-A-S-T-E-R for your portfolio.
Luckily, you don't have to worry about that if you choose our document retrieval services. Blue Streak Docs takes the extra time to ensure all indexes are thoroughly searched so you get the correct information every time in your AVR Reports. We are routinely able to uncover missing assignments that our clients’ other vendors reported as not of record.
We're dedicated to providing top-notch mortgage information services so our clients don't have to worry about the accuracy or speed of results from other document retrieval companies.
Our Assignment Verification Reports Include:
- A complete report on each mortgage, noting any breaks in chain of assignments
- A complete report on every assignment up to county through date, noting any break in chains discovered
- If needed, we can provide copied images for all documents found on record
This thoroughness not only applies to our AVRs, but to all of our search reports including Title Searches. No matter what report you request, rest assured that Blue Streak Docs will provide all mortgage assignments to our clients when requested.
Why AVRs Are of Supreme Importance
Not having every loan in your portfolios completely up to date with all the information from origination through all the post-closing changes and modifications up to present is a big compliance risk. Make sure that all the mortgage assignments on your loans are well documented with all necessary copies and complete and accurate reporting.
Let Blue Streak Docs take on this responsibility for you with our nationwide coverage and speedy results! Try us out today!