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Category: NEWS

One-on-One: The Mortgage Note Interviews BaseCap CEO Steven Smith

mortgage note interview with Steven Smith

If you’ve been through a mortgage closing before, there’s a lot of documents you sign, right? And those go into a folder, right? And then they, from the borrower’s perspective, they sort of disappear. Did they disappear? No, they’re absolutely still filed somewhere. Everyone relies on them because they’re the official record of the loan. Think about this as eight different entities coming together at all times, touching and needing this information, and people copy it, people take versions of it. The need for one clean, accurate record that’s consistent across all of these parties is a major need and challenge in the industry today.

LoanLogics, BaseCap Analytics Partner to Improve Loan Data Access, Accuracy and Quality

loan logics and BaseCap Analytics announce strategic partnership

Using an open ecosystem approach, loan quality leaders integrate technologies to give lenders and servicers stronger control over their data JACKSONVILLE, Fla. – February 15, 2024 – LoanLogics, a recognized leader in loan quality technology for mortgage manufacturing and loan acquisition, and BaseCap Analytics, a pioneer in automated data validation technology, announced a strategic partnership aimed at transforming data […]

HousingWire Selects BaseCap Analytics as 2024 Tech100 Honoree

basecap named tech100 best mortgage tech companies

DALLAS, Texas — HousingWire has announced the 2024 Tech100 honorees, recognizing BaseCap Analytics among the most innovative technology companies in the housing economy. Now in its 12th year, the Tech100 program provides housing professionals with a comprehensive list of the most innovative and impactful organizations in the industry. The list can be leveraged to identify […]

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Terms & Conditions

24 Hour Loan Due Diligence Guarantee

Guarantee Offer:
We guarantee a 24-hour turnaround time for performing a standardized diligence checklist and providing a certification for eligible loans. If we fail to meet this commitment, we will provide a credit for the affected loan on the client’s next loan submission. This guarantee timeline does not apply to exception resolution and subsequent reruns of loans.

Conditions & Exclusions:

This guarantee applies under the following conditions:

  1. Cutoff Times & Business Days:
    1. The 24-hour period begins from the time of submission, provided it occurs before the daily cutoff time as defined in the contract.
    2. 2.Submissions received after the cutoff time will be treated as received on the next business day, and the 24-hour period will begin from that point.
  2. Force Majeure & System Outages:
    1. This guarantee does not apply in the event of Microsoft Azure outages, broader cloud service disruptions, or any force majeure events beyond our control.
  3. Third-Party Dependencies:
    1. If document scans, data files, third party reports or other required materials are delayed due to our provider or an integration partner, the 24-hour clock will not begin until all necessary documents and data are received.
  4. Volume Spikes:
    1. If loan volume exceeds 30% of the rolling 30-day average, we reserve the right to temporarily suspend the 24-hour guarantee until processing volumes return to normal or are reflective of the new increased average.
  5. Exclusions & Modifications:
    1. We reserve the right to modify or suspend this guarantee at our discretion in the event of circumstances beyond our reasonable control.
    2. The credit applies only to the next loan submitted by the client and has no cash value.

By submitting a loan for diligence under this guarantee, the client acknowledges and agrees to these terms.