Third Party Surveillance

Ferncliff offers third party credit risk surveillance on Residential Mortgage-Backed Securities with a goal of improving security performance and minimizing loss. Our role involves two specific areas of service: Transaction Oversight and Servicer Oversight:

Transaction Oversight:

• Monitor the portfolio
• Manage the loans that have the potential of causing a loss to the investor
• Minimize the anticipated loss

Servicer Oversight:

• Review Servicer Operations to ensure uniformity with industry standards
• Review Monthly Remittance Reports provided by Servicer.
• Review Monthly consolidated tape for accuracy.