Product Overview

Cogent’s award-winning suite of mortgage quality control and mortgage compliance software applications is designed to automate, accelerate, and improve the mortgage loan audit review process. As the most advanced tools available for mortgage quality control and mortgage compliance, the applications are in use by some of the largest lenders in the United States, as well as by innovative smaller lenders who recognize the software’s ability to help them scale efficiently without growing their QC departments.

Cogent QC Systems are unique in supporting an enterprise-level commitment to quality control with applications carefully tailored to all facets of mortgage quality control:

ServicingQC for quality control of loan servicing processes
ProductionQC for post-funding quality control of loan originations
PipelineQC for pre-funding quality control of loan originations
DueDiligenceQC for due diligence of loan pools
ComplianceQC for loan compliance, including Fair Lending and HMDA reviews

 

All Cogent mortgage loan audit software features:

  • Easy to Use Statistical Sampling meets agency and investor requirements for post-funding QC, radically reduces the number of loans reviewed and emphasizes discretionary, targeted sampling to focus on potential issues.

  • Sophisticated Reports display results graphically and in tabular form. Report Writer tool provides powerful ad hoc reporting capability and allows you to save and distribute reports in multiple file formats (XLS, CSV, TXT, TIF, PDF, DBF)

  • Comprehensive Workflow automates the audit review process for ease of use and consistency. Customizable interactive screens guide reviewers through their audits.

  • Flexible and Customizable to fit your audit process and fully configurable post-installation. Cogent systems are the most versatile on the market today.

  • A Complete Solution that features outstanding customer service, state-of-the-art technology, free on-line training, an annual user conference, on-line discussion groups, on-site training, website resources and more.

 

Automate the Complete QC Workflow

  1. Data Management Tools
    • Data access (up to 500 fields) / population eligibility rules / data export in multiple formats
  2. Sampling Tools
    • Sample size calculation and selection: statistical, stratified, targeted, manual
  3. Auditing Tools
    • Recording of audit findings, comments, notes, ratings, referrals
    • Sending and tracking letters: order, reverify, re-disclose
    • Loan assignment, audit tracking, shell jumping
  4. Reporting Tools
    • Audit Status Reports, Audit Findings Reports, Web-based Feedback, Management Reports, Custom Reports … E-Reports
  5. Administrator Tools
    • Customizable user access, audit questions, user interface
    • Reconfigurable post installation

 

Features of the Latest Version of Cogent QC Systems

  • MS SQL Server Database for flexible data management
  • Sampling Wizard to simplify complex sampling strategies
  • New Report Writer tool with drag-and-drop interface and charting
  • Web-based Feedback enabling instant feedback from the field to QC’s findings
  • New Audit Environment to enable more features, present more information
  • Streamlined User Interface to maximize productivity and ease of use

 

Deployment of Cogent QC Systems

Cogent QC Systems may be deployed in a traditional LAN configuration for local access or in an enterprisewide implementation (via Citrix, terminal services or similar) that enables access by unlimited numbers of users worldwide. Deployment may also be distributed across multiple servers (separate application, database, and web servers), providing added flexibility for IT departments.