ULRS - Universal Loan Review System
Experience true automation with Stellar's ULRS - Universal Loan Review System, curated with latest AI,
ML technology & Deep Domain Expertise.
About ULRS
‘ULRS – Universal Loan Review System’, an AI based self- learning platform, is capable of understanding Mortgage documents, data set & business rules.
It can facilitate complete automation of below loan onboarding functions: It is highly scalable to configure and drive any given review scope and product
line for the flexibility it offers with configurable embedded features.
ULRS Key Functions
Document indexing & stacking
Auto index to identify & bookmark/stack documents as per your stacking schema.
Data extraction & validation
Auto extract and validate key data points for consistency and accuracy.
Data integrity & Completeness check
Automate your data integrity and completeness check based on pre-defined configurable business rules.
Rule based
validation
Automate your checklist- based reviews to configure and drive rule-based validation.
Eligibility check & compliance check
Automate eligibility check to configure eligibility matrix for different products. Auto capture compliance data set to run compliance report.
Collection comments & key words search
Automate review of payment history, collections comments and keyword search.
ULRS Key Configurable Features
Document list & stacking schema
Data set & data
integrity
integrity
Product matrix & Process scope
Review checklist & business rules
Finding categorization & grading
Customised reports & dashboards
Auto notification & real time
reporting
reporting
Services
Initial loan review
Underwriting submissions
Underwriting quality control
Pre-purchase review
Mortgage due diligence
Typical scope of work that we have managed
through ULRS includes
through ULRS includes
Mortgage loan Documents
Identify and label received loan documents as per the standard stacking schema based on client/ investor preference.
Loan level details
Capture and validate loan level details to drive quick data integrity check facilitating data report as per the client/ investor requirement.
Credit review
End to End service offering including Origination, Servicing & Due Diligence
Collateral review
Review appraisal, title, note, deed, and other collateral documents. Updated title and second appraisal can also be ordered based on client/investor requirement.
Compliance review
Review initial and closing disclosures along with other closing documents to capture loan estimates and closing disclosures to run and review compliance report.
Payment history
Review latest 12/24 months of payment history to capture the payment trail if applicable.
Collection comments
Review latest 12/24 months of collection comments to understand current loan and property status, last borrower contact and ongoing proceedings if any.
Default proceedings
Review default documents if loan is or have undergone default proceedings including bankruptcy and foreclosure.
Securitization data & reporting
Extract and reconcile key reports required from securitization standpoint. Customise reports based on investor requirement can also be configured in ULRS.
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