Validating Data From Third Parties

A prominent investment firm had been growing its mortgage business and consulted with BaseCap Analytics to address its growing data issues. With a portfolio of 7000+ loans, each with 600+ data points (columns), the firm had grown their loan volume to roughly $1.66B. As they grew, an expanding servicer ecosystem presented scalability issues with their existing manual workflows. These growing pains presented an opportunity to the company: modernize legacy processes to achieve greater speed and accuracy with automated data validation software.

Axos Bank Signs Deal With BaseCap To Minimize Loan Defects

Axos Bank, a top provider of digital banking, has signed a multi-year contract to use BaseCap Analytics’ Data Quality Manager.

Virginia Earley Joins BaseCap As Senior Account Executive

NEW YORK, New York, September 19, 2022 – BaseCap Analytics announced today the addition of Virginia Earley as a Senior Account Executive to their expanding team. A trusted partner throughout the industry, she has been working with servicers, lenders, and investors for 20 years to improve operations throughout the loan lifecycle. The knowledge and experience […]

Mortgage Quality Control Powered by BaseCap

BaseCap’s mortgage data quality solution is enhancing the way mortgage companies conduct due diligence and eliminate lending defects.

Optical Character Recognition

The ability to extract data from documents has forever changed how businesses ingest, track, and validate critical information. Before Optical Character Recognition (OCR) Before the digital age, data was entirely collected on physical formats such as an application form or an invoice. To compare this data to other sources of information, like an excel spreadsheet, […]

The Impact of Bad Data

The Increasing Dependence on Data Organizations across industries are becoming more “data-driven.”  The mortgage industry for example, faces downward margin pressures and immense competition from a surge of fintech upstarts. Some are turning to Artificial Intelligence/Machine Learning (AI/ML) models to identify new opportunities, such as launching campaigns for clients who may want to refinance their mortgages. […]

Avoid Data Errors Amidst Record Breaking Origination Volume

Data technology sets the stage for organizations to identify issues before they become more costly down the line

Changes to the Regulatory Environment: Dodd-Frank Rollbacks

On May 22nd, 2018, Congress approved the first major Dodd-Frank rollback to relax federal oversight for banks with less than $250 billion in assets. This revision brings the number of banks categorized as systemically important (SIFI) and subject to stricter federal oversight from 38 to be 10 or less. This change frees many mid-sized banks […]

FDIC Insurance Premiums and Basel III

The Federal Deposit Insurance Corp introduced a series of proposals this week aiming to align new Basel capital standards for banks and FDIC insurance assessments. The proposals would revise the way the FDIC calculates payments required for the agency fund designed to protect depositors against bank failures. The FDIC takes into account institutions’ capital levels […]