Solutions
Teraverde Solutions have grown from extensive work in clients’ Mortgage Banking Systems. The solution we have used for our own consulting work have resulted in a collection of Solutions used by clients to understand the improve their own systems.
Coeus was a Titan god of intelligence and farsight, meaning that, due to his inquisitive mind and desire to learn, he was with gained knowledge and understanding able to see beyond the obvious
Representative Projects
New turnkey system
An independent mortgage banker with $2.5 billion in originations hired Teraverde to create a new, turnkey mortgage banking platform. Teraverde provided business process design, system specification and project planning, author scorecards, accounting ledger interface and overall managerial control system for the client.
Reviewing compliance
Teraverde assisted several federally insured banks evaluate their compliance with OCC Bulletin 2011-29 (Foreclosure Management) and compliance with FNMA/FHLMC foreclosure and loss mitigation processes.
Avoiding compliance issues
A $50+ billion federally chartered bank chose Teraverde to redesign the entire consumer credit underwriting process and adverse action notification system to reduce regulatory compliance exceptions and fair lending issues.
Re-engineering
An $8 billion commercial bank engaged Teraverde to revise its existing mortgage banking process from initial customer contact through servicing and securitization. We re-engineered the Bank’s processes and IT systems to improve profit, improve compliance, reduce errors and repurchase risk.
Finding the cracks
We assisted a federally regulated bank to assess its IT security and identified serious security issues throughout the bank. Through a combination of weak levels of user security awareness training and poor laptop configuration, a bank employee with a laptop inserted a malicious USB thumb-drive file, causing complete laptop compromise, which our ethical hacker used to obtain complete network compromise, including LOS application, customer data breach, and a gateway into other bank systems in a federally insured bank.
