Reviewing the Validation Report

Once a bid has been accepted, within the Closing page of a deal you will find the Validation Report. On the main Closing Details screen, you will find a loan level list of validations for: Total Payments, Finance Charge, Payoff Balance, Principal Balance, Unearned Interest, and Gross Balance. The appearance of a checkmark symbol is determined by calculating the original loan terms and validating the calculations against the loan data available in the seller’s DMS.


By utilizing the Validation Report, buyers have a more focused approach when completing due diligence.

Should you wish to review an aggregated Validation Report, click the “Validation Report” icon on the right-hand side of the Closing Details Screen. The following screen will display the Validation Summary for all loans associated with the bid.


The tolerances are defined below the loan list.


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