Due Diligence Services
In 2020, Covius significantly expanded its footprint in the due diligence space with the acquisition of Clayton Services, a recognized leader in loan and RMBS due diligence and transaction management services for more than three decades. Additionally, Clayton Services is the firm that pioneered the concept of credit risk surveillance. To date, Clayton has reviewed more than 17 million loans and currently monitors $2 trillion in assets for investors.
With this acquisition, Covius now has the scale and operational capability to handle virtually any size loan review, portfolio or securitization transaction. In addition to residential and commercial loan review due diligence, our core capabilities include compliance and valuation reviews, condominium reviews, loan-level and transaction servicing oversight and non- performing asset review services for assets and mortgage backed securities.
Valuations / Appraisals
Service 1st , Covius’ appraisal management company, specializes in review appraisals for pre- securitization due diligence, quality control and portfolio acquisitions. Its product suite includes full appraisals, hybrid and desk reviews, forensic re-evaluations, AVMs and BPOs.
Trailing Title and Documents
Incomplete loan files are once again becoming a concern for aggregators and securities issuers. Incomplete files can delay securitizations, add cost and even result in loans being removed from deals. Covius is able to quickly identify title and document issues and work with title companies and lenders to collect critical policies and documents.
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