Hansen Quality, a division of Fidelity National Financial Inc., Jacksonville, Fla., is expanding its due diligence services to include credit and compliance reviews of mortgage loan packages.Clients will be able to outsource the loan file evaluation function to ensure that verifications, reports, and worksheets are accurate before the loans are sold into the secondary market or securitized. Speaking at a news conference at the Mortgage Bankers Association convention in San Francisco, Ernest D. Smith, president of real estate and mortgage information services for Fidelity Information Services, said the various data products the company offers make it impossible for mortgage fraud to take place. This is because it is a data exchange between one large organization, Fidelity, and another, the lender. Brian Herskowitz, president of FNF's mortgage information and services division, added that there are only a couple of players in this area and that the product takes advantage of the company's strength in credit analysis and risk analysis.
