TORONTO--(BUSINESS WIRE)--
TAO Solutions, a leading global provider of software and services for
structured finance and credit asset administration, announced today that
it is experiencing growing usage of its Mortgage Quality Control &
Compliance services (“QCC”) among Canadian mortgage market stakeholders.
Mortgage QCC services have been offered by TAO Solutions since late 2016
and offer a cost-effective solution for lenders and investors to
leverage TAO Solutions broad experience to gain greater insight into the
risks present in their Canadian loan portfolios.

“As we have seen in recent weeks and months, the need for comprehensive,
independent evaluation of mortgage portfolios is quickly becoming a
necessity for any entity that originates, invests in, or securitizes
mortgages in Canada,” said Aaron Seaton, Chief Executive Officer, TAO
Solutions. “Our Mortgage Quality Control & Compliance service offering
is based on our decade of experience interacting with nearly every
player in the insured and uninsured mortgage market. We are
knowledgeable in the nuances of every aspect of the mortgage lending
lifecycle, including underwriting, title registration, custody,
aggregator/investor operations, and various funding vehicles such as NHA
MBS and covered bonds. With our unique skill-set and experienced staff,
we are looking to highlight issues that could threaten a stakeholder’s
sense of security in their mortgage loan portfolio, above and beyond
credit risks. Because of this, our current and past mandates have
provided strong value and a return-on-investment for our clients.”

Coupled with TAO Solutions’ market-leading technologies, its QCC set of
services can be tailored to match the requirements of any mandate,
differentiating it from other traditional, non-specialist audit
providers. Whether it is to test compliance with rules and principles
for CMHC securitization, the verification of mortgage documentation and
title registration completeness, or even to confirm the quality of
underwriting as prescribed under OSFI B-20, clients can be assured of
thoroughness and rigour in TAO Solutions’ methodology.

“With mortgage portfolio compliance audit activities becoming the new
normal for all stakeholders in Canada, specific contextual experience
coupled with cost efficiency, has never been more important. Only TAO
Solutions can deliver exceptional bespoke services and technologies at a
cost that is conducive to their broader and more frequent use to better
mitigate risk and prepare clients to avoid future problems,” added Mr.
Seaton.

To learn more about TAO Solutions’ mortgage QCC services please visit taosolutions.ca.

About TAO Solutions

TAO Solutions is a leading global provider of dynamic software solutions
and services for structured finance and credit asset portfolio
administration designed to assist banks, financial institutions,
independent lenders, and investors with the intractable challenges of
origination, adjudication, servicing, and interfacing asset portfolios
to capital markets funding. The company offers unique solutions that are
responsible for automating more than a half-trillion dollars in assets
on a daily basis. Based in Toronto, Canada, TAO Solutions is both a
Microsoft Gold Certified Partner and a SOC 2 Type 2 accredited service
organization.

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