Servicing Valuations and SOX

Healy, Thomas J.
February 2005
Mortgage Banking;Feb2005, Vol. 65 Issue 5, p117
This article presents information related to mortgage servicing issues proposed in the Sarbanes-Oxley Act. Sarbanes-Oxley mandates that mortgage bankers attest to the accuracy and control of the modeling process itself. The accuracy of the models used must be positively affirmed. Servicing valuation models are fairly complex and involve many calculations. Management must be able to attest that each of the calculations within these models has been successfully tested. Valuation methodology and assumption rules must be approved by management.


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