AllRegs and The Prieston Group (TPG) have launched a suite of products focused on the Mortgage Operational Safety Assessment®¹ (MOSA®), including the MOSA®Score and Report. MOSA® consists of a methodology and process that evaluates 11 different key aspects of mortgage operations and origination. These categories include Operational Controls, Company Background, Warehouse Lines, Geographic Mix, Product Mix, Repurchase History, Quality Control Plan, Operational Checklists, Broker Management, Correspondent Management and Appraiser Management.
Lenders are evaluated with the risk assessment tools in MOSA®and then receive 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.
Want to learn more? Check out our MOSA Use Case Scenario here.
¹ MOSA is a patented operational assessment process (U.S.Patent No. 7,707,103) licensed 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.