The Closing Agent Qualification solution was formerly provided by Dytrix.
Why Decision Ready
transaction with our
CAM solution.
The Threat
A scammer uses social engineering tactics to trick the homebuyer into wiring the down payment, and the lender’s mortgage loan proceeds to a bogus account. Neither party realizes the hacker has misdirected funds. The deal is lost and the misdirected loan proceeds as an immediate financial hit to equity. Our CAM solution helps mitigate this threat.
Our Solution
Decision Ready Solutions provides customized risk management solutions for lenders, giving them the ability to organize and qualify their closing agents. This ensures safe business online and mitigates risk with each transaction. Because we manage lender/client requirements, the qualification process is customized for each lender.
Unparalleled Counterparty Risk Management
Decision Ready supports Knowing Your Counterparty’s (KYC) critical risk management requirement. Count on us to ensure that funds are transmitted to a validated bank account. The counterparty risk management program seamlessly integrates with lender Loan Origination Systems (LOS) to improve productivity and mitigate cybersecurity risks.
- Mitigates Privacy Risk should the closing agent violate your customer’s privacy
- Validates all wire instructions over a recorded telephone call
- Qualifies counterparty to lender’s specific background & insurance requirements
- Simple to integrate into your processes and LOS
- Securely delivered through a SOC compliant platform
- Authenticates the counterparty’s identity
- Delivers material productivity improvements to generate a high ROI
What Makes Us Unique
Lender Database
The platform enables lenders to establish and monitor a database of closing agents specifically qualified to the lender’s requirements including exclusionary lists.
Manages Privacy Risks
The platform covers the lender’s exposure to possible privacy violations and data security breaches through a credit monitoring subscription.
Tried and Trusted Cybersecurity Solutions Processes
The platform ensures success with proven processes. Through years of working with lenders, we have mastered keeping transactions on schedule while meeting regulatory compliance standards.