Eagan, Minn. (February 8, 2012). AllRegs and The Prieston Group (TPG) will host a free one-hour webinar to demonstrate the power of the patented Mortgage Operational Safety Assessment®, or MOSA®¹ methodology. Industry experts Arthur Prieston, Chair of TPG, and Clifford V. Rossi, PhD will discuss how effectively an institution’s mortgage operations can be evaluated using the MOSA™ risk assessment methodology and process. MOSA® assigns a score between 0 and 800, with higher scores indicating lower risk. In a recent study reviewing 400,000 loans, higher MOSA® scores have been proven to be effective indicators in reducing overall mortgage repurchase risk².
"Lenders, community banks, warehouse banks and investors will all benefit from MOSA®," said Dan Thoms, executive vice president for AllRegs. "The MOSA® score gives you real insight into just how capable a mortgage lending institution’s operations are based on assessment results. Further, the accompanying report identifies ways to improve your company’s score."
"You can substantially lower your repurchase risk using the MOSA® methodology and products," says Arthur Prieston of the Prieston Group. "After attending this session, our guests will have a better understanding of the added due diligence MOSA delivers. It goes far beyond the current, conventional risk scoring methods."
AllRegs has become the exclusive distributor of MOSA® and its related products. The MOSA® process evaluates 11 different key aspects of mortgage operations and origination, including: Operational Controls, Company Background, Warehouse Lines, Geographic Mix, Product Mix, Repurchase History, Quality Control Plan, Operational Checklists, Broker Management, Correspondent Management and Appraiser Management.
To better understand how MOSA® can impact your business, join AllRegs and TPG for a free webinar on Thursday, February 23, 2012, 2:00 PM to 3:00 PM EST. Space is limited. Click here to register.
For a limited time, AllRegs is offering a free introductory version of the MOSA™ Score. MOSA® Lite FirstScore™, which consists of an abbreviated self-assessment that renders a first, unvalidated MOSA® score.
To get your free MOSA Lite FirstScore™ or to learn more, visit http://solutions.allregs.com/MOSA or call (800) 848-4904, Monday through Friday, between 8:00 a.m. and 6:00 p.m. CT.
¹ *MOSA™ is a patented operational assessment process (U.S. Patent No. 7,707,103) licensed and trademarked by Arthur Prieston to AllRegs for distribution and delivered by The Prieston Group®.
² Clifford V. Rossi, PhD. “A New Analytical Paradigm in Assessing Lender Repurchase Risk: TPG MOSA™ Lender Score” (Independent Review Findings), September 12, 2011.
First introduced in 1989, AllRegs is used by virtually all of the top 100 lenders as well as throughout numerous governmental agencies, including Fannie Mae, Freddie Mac, the FHLBs, FHA, VA, RHS, Ginnie Mae, and more. AllRegs is the exclusive electronic publisher of the Fannie Mae and Freddie Mac Single and Multi-Family Seller/Servicer Guides and The Federal Home Loan Banks’ MPF Program Guidelines. Products include single and multifamily underwriting & insuring guidelines as well as federal compliance laws and regulations, state compliance laws and regulations with plain-language analyses, contract publishing services and a library of historical guidelines. The educational division, AllRegs Academy, offers distance learning, classroom training and practical guides. For more information, call (800) 848-4904 or go to www.allregsmortgage.com.
The Prieston Group offers the only fully integrated suite of mortgage fraud protection, mitigation, and indemnification services in the industry. Called TPG Mortgage Assurance Solutions™, these services provide lender due diligence and data integrity, fraud loss insurance and repurchase protection, and legal consultation for loss mitigation and recovery. Founded in 1986, the company’s patented proprietary Lender Representation & Warranty Insurance™ has protected thousands of lenders and over $50 billion in residential loans to date. TPG has been an industry leader in fighting mortgage fraud, supporting lenders, aggregators, investors, and issuers, as well as working closely with rating agencies, industry representatives, and government and legislative agencies. For more information about The Prieston Group, please visit www.priestongroup.com. The American Mortgage Law Group, PC (AMLG) has its roots in the original Prieston Law Firm, a mortgage law practice founded in 1981. AMLG’s legal practice is focused on mortgage fraud resolution and related matters. AMLG has successfully resolved hundreds of cases and saved clients millions of dollars. Learn more at www.americanmlg.com.