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CogentQC Systems

Cogent Company Background. . Founded in 1991 - based in San Francisco The mortgage industry's leading provider of enterprise quality control audit software Winner of Mortgage Technology Magazine Awards: 2006: Top 25 Vendors 2005: Top 100 Vendors 2003: Fix-It" Award Cogen

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CogentQC Systems

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    1. CogentQC Systems Intelligent Technology for Quality Control

    2. Cogent – Company Background

    3. Cogent’s Total QC Solution

    4. Cogent Clients The Mortgage Industry’s Quality Leaders Bank of America GMAC ResCap Webster Bank Fremont Bank TD Banknorth M & I Mortgage Fifth Third Bank SunTrust Mortgage GreenTree Servicing Litton Loan Servicing Union Bank of California US Bank Home Mortgage EMC Mortgage (JP Morgan Chase) Home Loan Services (Merrill Lynch) National City Mortgage (PNC Bank) DHI Financial Services (D.R. Horton) Saxon Mortgage Services (Morgan Stanley)

    5. Enabling Enterprise QC ProductionQC™ Complete post-funding QC solution Statistical sampling, auditing, reverifications, reporting & feedback ComplianceQC™ General compliance / Fair Lending / Predatory Lending analysis / HMDA data analysis Statistical sampling, auditing, redisclosures, reporting & feedback ServicingQC™ QC up to 50 different servicing functions Statistical sampling, auditing, reporting & feedback for each function PipelineQC™ Pre-funding QC, for loans in pipeline Generates pre-funding feedback and closing conditions DueDiligenceQC™ Pool or security-level quality analysis and reporting

    6. CogentQC.Net … What’s New?

    7. CogentQC.NET … What’s New? SQL Database with flexible options to import data or map to data source (LOS, data warehouse, ODBC database)   New Sampling Wizard to simplify complex sampling strategies New Report Writer with drag-and-drop, stat tools, data export New Online Feedback Functionality eliminates need to transfer files Enhanced Audit Shell Design to enable more features, present more information, expand user customization Streamlined User Interface, including: Fewer clicks, intervening screens Single screen parameter selection Default entries for form fields Form resizing Expanded Help Functionality with index, search, contents tabs

    8. Data Management Tools Data import / data access / data transfer / data export Sampling Tools Sample size calculation and selection: statistical, stratified, targeted, manual Auditing Tools Recording of audit findings, comments, ratings, referrals Sending and tracking Reverifications Loan assignment, audit tracking, productivity comparison Reporting Tools Audit Status Reports, Audit Finding Reports, Web-based Feedback, Management Reports, ReportWriter … E-Reports Administrator Tools Customizable user access, audit questions, user interface Reconfigurable post installation Automate the Complete QC Workflow

    9. Sampling / Reporting “Statistical” random sample: calculated to meet 2% precision and 95% confidence levels on an annual basis, while minimizing sample size Report on the company’s overall quality trend “Stratified” random samples (optional): selected from each major source, also calculated to meet the annual 2% precision / 95% confidence levels Report on quality trends and comparisons by source “Targeted” samples: selected by user-defined queries, using any data fields Report on quality trends for any targeted segment and time period “Manual” samples: selected from the database by loan number Report detailed findings on the quality of individual loans

    10. Statistical Sample Size by Population and Defect Rate

    11. Sampling Wizard

    12. Targeted Sampling

    13. Recording Audit Results

    14. Automated Feedback Process

    15. Detailed Reports

    16. Management Reports

    17. E-Reports

    18. Optional Modules

    19. Recap - Key Benefits

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